Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Wednesday, August 24, 2011

Today's Leading Industry

Here are the industries with 75% or more of their stocks advancing today.

These are all the industries with stocks making new highs.

Common to both lists is one of the former leading groups, diversified utilities. The first thing I noticed looking at this is that the last time it dived like this was almost exactly a year ago. which brings into question whether or not the stocks here really weakened, or if it is just a case of a 52 week cycle (unles they spent the entire years going up, at some point they will be closer to a 52 week low than a 52 week high even though they are fairly strong). In the case of this group, they actually did drop pretty dramatically recently, and many are bouncing back, so that concern doesn't fit here. The other utility groups are doing well today also, so it would be a good idea to take a look at thise, as many could probably just as easily be placed in this group.

No comments:

Google Analytics