Today in the market, Thursday June 12, 2008: Stocks made sharp advances in the morning as oil slipped and financials had a revival. However, as the day progressed, prices sagged and it ended with a modest gain. The fizzle was caused by a lack of buying enthusiasm and profit taking. Advancers equaled declining issues. But hey, it ended with a gain and we will take it.
RSI’s Themes: No clear theme today, but a Consumer Discretionary stock emerged as one of the three picks. I've heard some good things about Urban Outfitters as a company and I suppose that it has an advantage in this tough economic environment. All three stocks have been picked by RSI in the past. No Falling Knife for today.
Stocks Medium Volatility:
- ACAP - American Physicians Cap., Inc.
- TNE - Tele Norte Leste Particip
- URBN - Urban Outfitters, Inc.
These stocks have had a good, some would say great, last 200 trading days. And they are breaking out from their recent corrections. Maybe worth another look?
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