Click to Enlarge
Many stocks have surged this week and completed continuation patterns on their daily charts. Most are now well above the recent lows where a reasonable stop could be placed. AKS is a materials stock that is up sharply this week. I would look for a 38-50% correction and/or a retest of the breakout as a possible entry point.
Subscribe to MoneyShow’s daily investment newsletter Top Pros' Top Picks and get actionable advice from our top experts, including the hottest stocks to buy and sell, ETFs and funds for short- and long-term capital appreciation, and a wide variety of dividend-paying stocks set to deliver a steady stream of safe, reliable income.
Get an edge on the markets with our three-times-a-week trading newsletter, Trading Insights. Receive timely trade ideas covering stocks, options, futures, and more to keep you on the right side of the action. From trading basics to advanced strategies and high-probability set-ups, the insights you need from our all-star lineup of trading pros is delivered straight to your inbox.
