Some Leaders Show Strength Amid Market Weakness
Posted on November 16, 2012 at 18:20 PM EST
No doubt about it, the market went through another rough week, and so did many leaders. But a small number of top-rated stocks are hanging tough or bucking market weakness. All of their relative strength lines are at new highs ahead of price. Sherwin-Williams (SHW) shot back above its 10-week line as it shapes a new base. The second-stage pattern could be either a cup or a flat base. Either way, the buy point is at 156.50. But buying stocks in a