Monkey Throw Dart: Reversal Time?

Friday, June 18, 2010

Reversal Time?

cliff

While the market has churned upward over the last several days, these stocks have gone above and beyond by closing higher for nine consecutive days. The question is not whether they will continue upward but how hard they will fall...and when. Historically, some of them have dramatic reversals.

RES +23.7%

AIMC +14.7%

CMS +9.0%

EGN +8.6%

FEO +7.4%

DBC +5.8%

PRE +5.1%

ETP +4.8%

AWF +4.1%

If I was a gambling chimp I would bet that none of these would make it to twelve consecutive days up. That may be wishful thinking since the CMI 2.0 has been sitting on a QID trade for a few weeks!


The percent listed indicates the % gain over the last nine consecutive days. The list includes stock with a closing price greater than $5, and 90 day volume greater than 100,000.