Six Stellar Stocks Shooting Straight Up Nine Days in a Row

Feb 14, 2017: 8:23 PM CST

When we scan for stocks, we like to find “strong stocks getting stronger.”

One way to do this is to identify stocks closing up the most days in a row.

With the market itself up five days, here are six  S&P 500 stocks up roughly NINE days in a row:

We START a swing trading process by scanning for stocks that catch our attention.

Right now, the following stocks are closing up the most consecutive days in a row:

Google (GOOGL), Biogen (BIIB), MMM, Lockheed Martin (LMT), Yum! Brands (YUM), and Aflac (AFL).

Once we have these candidates, we can decide what to do based on our experience/risk tolerance.

Newer traders should identify a strong trend in motion and aim to buy pullbacks/retracements in that trend.

For that, these stocks will become watch list candidates for future pullbacks (assuming the larger trend is up).

More aggressive/experienced traders can step in front of nine days in a row to the upside by short-selling or “fading” the persistent price action.

The thesis is “what goes up must come down” and though we probably won’t see a FULL retracement, we’ll see at least a partial one and that’s where you profit from an overextended swing.

You’re just trading it down to a rising moving average or key trendline (or price level).

Either way, with these six candidates, you have additional homework to do to discover your own trading opportunities.

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Corey Rosenbloom, CMT

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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


2 Responses to “Six Stellar Stocks Shooting Straight Up Nine Days in a Row”

  1. Intelligent Trend Follower Says:

    Thanks for the strongly-trending stocks Corey. It’s neat to see the different ways you can trade these ideas, both on the long and short side.

  2. Strong Stocks Getting Stronger - Says:

    […] By Corey Rosenbloom […]