More names than I thought were on the list of new stocks or funds falling from recent highs on volume. Again and as a reminder, the volume off the high screen is compilation of companies or funds falling significantly from recent highs on elevated volume. My research has shown that investments exhibiting this pattern underperform the broader market, in aggregate, over the preceding 3 to 12 months. Although many of the declines may be a hiccup within a larger rise in the stock, this list should at least serve as warning to take a second look at your holdings or use as a short candidates list.
No comments:
Post a Comment