5 ETFs In New Uptrends With Big Institutional Buying
Posted on February 08, 2013 at 09:00 AM EST
Cup-with-handle bases are the most bullish chart patterns, as explained in IBD founder William O'Neil's best-seller, "How to Make Money in Stocks." These bases form as bargain hunters start snatching up shares at new lows. As they push the stock up on the right side of the pattern, the stock corrects slightly again as previous buyers who bought at higher levels sell to get out even. After those final weak investors get shaken out, heavy