No arguement there, bro. At times like these, I don't find it as useful to compare stocks to each other as you do. From a "sky cam" view what I'm seeing is;
All the stocks you mentioned basically doubled or tripled since March, with the lowest quality jumping the most, which resonates with the broader mkt.
Not withstanding the dip around March, DE has basically stayed in a range of $35 to $45 YTD.
And formed an ascending triangle recently;
It could "spike" up in price on an extremely bullish forecast (good luck with the lame short intr), but I don't see the support from the real economy. China has phoney numbers and everyone else (US included) is hurtin. I think the path of least resistance is down and any rips are a reason to sell (along with MM's and management)
What runup am I talking about? Actually, two of them, the broader market AND DE from $24ish to $47 in the last 5 months. Maybe we've been spoiled lately, but 100% in 5 months is a monster run up in my book. Ever ask yourself why DE is lagging lately?
Agreed. However, daily chart is showing inverted H&S from May nested in inverted H&S from Oct. All the wannabe ace chartists are foaming at the mouth. Target is $60/$65 area for this pattern. I think it will be a huge head fake and drop back to 50 ma area around $38. Too many convenient excuses for mgmt (too slow on funds from stimulus etc, etc.)Broader mkt psychology is too tired from run up. Not enuff short % interest and mgmt has probably sold all the shares they need to for now.