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Tuesday, April 23, 2013

Today's Leading Industry

Once again there are too many industries with 100% of heir stocks advancing today to be of much help. These are the industries with 30% or more of their stocks making new highs.

Gas utilities is a rapidly rising group that, at 33 stocks, is by far big enough to give meaningful numbers. It is among the leaders in rising moving averages, is close to the top 10 in relative strength, and is in the top 10 in total score. ATLS is the current leader, but there are an awful lot of strong charts here.Utilities are usually not leadership material, but we may get a few leaders from this group.

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