Monday, May 12, 2008

Sectors Nearest New Highs

Here is a list of sectors ranked according to "percent of 52 week high".

Most sectors on this list will come as no surprise. However, "regional southwest banks" threw me for a loop. I dug deeper and looked at individual stocks and did not find one that I'd put on my watchlist. Some had decent price patterns, but not enough solid volume.

I still like many of the commodity sectors that top the list, but won't get involved until there is a pullback (which some sectors, like steel, seem to be starting).

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