Six Strong Uptrending Stocks from our October 22 Scan

Oct 22, 2015: 11:09 AM CST

“What is strong tends to get stronger.”

As we breakout to new swing highs in the stock market, let’s focus our attention on six persistently strong uptrending stocks for possible “buy” retracement candidates.

Here’s the list of Six Strong Stocks downtrending in the S&P 500:

Here’s the same six charts from (just a different perspective):

These stocks continue to show relative strength in uptrends as defined by higher price highs with higher price lows; we also note the bullish orientation (slope) of the moving averages.

In no particular order, we note the weakness of the following:

Cablevision (CVC)

Activision Blizzard (ATVI) (AMZN)

Nike (NKE)

NVidia (NVDA) (EXPE)

The strategy would be to trade (buy) retracements (like bull flags) in these stocks as the trends continue.

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Corey Rosenbloom, CMT
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