Here are some charts and stocks that I posted to the stream and that I’ll be watching as I like the setup for these:
NSC – Bounce at support & EMA convergence. RS remains above average & like the low volume area above
COLM – More constructive chart & RS than peers. Like the valuation.
ADS – Want it to stay above 130. RS new highs with ADX slowly trending up, 15.9 short ratio
Also I was messing around with the thinkorswim Stock Hacker and came up with one that spit out some that have broken out or are about, given the market cooperates. What I like is that these are stocks that have displayed superior relative strength comparing to the RUA (Russell 3000). I will be looking to tweak this further but like the results so far. I personally would avoid stocks that are far extended. I linked them to FinViz below.
Stocks with superior Relative Strength
