Few Stocks Failed In January, But They Offer Clues
Among January's breakouts, stocks that fell 8% below their ideal buy points were rare. Yet, it's helpful to study failure. Mortgage services and REIT Walter Investment (WAC) broke out of a cup-with-handle base on Jan. 7. The buy point was 45.71. Volume was 218% above average on the 8% gap-up gain. Sound good? There were reasons to doubt this breakout. Trade in a handle should be quiet, but this handle had two days of heavy downside volume. Also,
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here