Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Thursday, October 10, 2013

CWCO


One of the rationales behind relative strength theory is that, when the market is correcting, the stocks witht eh best relative strength will be among those who lead when the market is back in an up trend. CWCO, on first glance, fits the bill: it was going up while he rest of the market was getting creamed in the last few days, It did break out today, but with a paltry half percent gain, vastly under performing the market. However, this is in a very consistent, if not monstrously strong, 6 month up trend, so I don't think I would be sweating a one day under performance.

No comments:

Google Analytics