One does need to watch the declining 50 day moving average since it seems to be solid resistance to any upside potential.
MEANWHILE: Take a look at the following stocks that are starting to move with a tonne of upside should the market stay stable in 2013; ADBE, AHS, BAC, DISH, BCS, FAF, FAS, DYAX, GHL, TVL, RYL, UBS, ONXX, CELG, DDD and INFI. Of these stocks you only need to own the ones that have the two-must-have-traits that all past and current hall of fame blockbuster gainers displayed.
Owning laggards is really similar to owning the worst performing players in the any sports league. Finding the worst performing stocks in the hope they turn around is like hoping a player who warms the bench will turn into a superstar suddenly? ALREADY Great players have the potential to be make hall of fame. The same is true for stocks.
Here are SOME stocks +99% of investors missed (yet the buy signs were obvious) when they started moving a few months back; EGHT, REGN, INFI, CLSN, IMH, ARNA (could breakout above $10 eventually - wow!), DYAX, SNTS, NTE, DDD, SHW, SIRI, PHM, V, CVI, HOV, CONN, CVI and PSX just to mention a few...
► ► ► :m:u:a:t:h:e: . :c:o:m: (without the colons).
I love bench warmer stocks,CLSN was sitting way down @ the end of the bench just a few months ago @ 1.65,its now a starting player that will soon be a allstar..
ALIM will do the same soon..Its saying put me in coach, im ready to play..