Buying Into Strength

 

Remember that stocks are never too high for you to begin buying or too low to begin selling.  

 ~Jesse Livermore

 Since October is supposed to be the month of the bull according to the monkey, I have listed a few stocks that have achieved new 52-week highs and closed the final day of the week close to or at their high of the day.  On Friday, the market looked weak and then fell back while these resilient wonders kept up the good fight. 

These nine that made my October "Most Likely To Succeed" list were required to hold a 52-week high, gain at least 1% on the last day of the week with a minimum volume of at least 1 million shares traded.

The 1 -year chart displaying  8 of the 9 stocks is shown below.  XNPT was left off the chart because it was off the scale...in a good way.  (FNF was removed from the list but is still shown on the charts since I didn't want to re-do them.  FNF made a new 52-week high earlier than last week).

Here's a 5-day chart showing all nine stocks listed below compared to the Nasdaq.

 

And the two day chart...

 Name, Symbol, Sector, Current Price

Empresas ICA, ICA, Construction, 8.60

Xenoport Inc, XNPT, Biotech, 12.86
Arch Capital Group, ACGL, Insurance, 43.01
The New York TimesCo., NYT, Publishing, 10.27
Home Depot, HD, Home Improvement Store, 63.20
ConstellationBrands, STZ, Beverages,  36.20
Ariad Pharma, ARIA,Biotech, 25.16
Onyx Pharma, ONXX,Biotech, 89.40
Netspend Holding Inc., NTSP, Business Services, 10.75