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Tuesday, November 20, 2012

DSW

DSW made the leadership list sevral times in recent months, and every time it did, I marveled at how awful the chart looked. Here it is, after having fallen off the leadership radar, and the chart still looks awful, but it did get a big bounce off the 200dma, only to gap up huge today. While today was not a breakout, price relative finally hit a new high, so it does have something going for it. The size of today's move, and the apparent tough resistance at the October high, make it unlikely this ill be moving higher for a while.

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