Tuesday, January 08, 2008

Broken Momentum Stocks

It is inevitable that most momentum stocks will fall just as far as they climbed. Many investors and traders end up losing most or all of their profits either holding on or continually playing the bounces in these stocks. Here are 9 recent momentum plays that are showing signs that their incredible runs are over:

4 comments:

geoff said...

I agree, this is a market in trouble. I just posted an article at http://www.profitable-investing.com that shows the Wilshire 5000 dropping below support from a descending traingle. Very bearish indeed!

tellzhang said...

look at ATK! WOW!

ainkurn said...

don't forget MA, FSLR, SPWR, RIMM, LDK, DRYS, GNK, EXM, CMG, CROX, and GRMN.

Actually too many to name.

The Market Speculator said...

Great minds think alike Geoff!

ATK is on my short list. We just need a bounce for entry.

Ainkurn--nice list. Most are on my short list, though MA and LDK have yet to fully breakdown.