5 Huge Stocks Ready to Slingshot Higher

BALTIMORE (Stockpickr) -- What a difference a week makes.

Just a handful of trading sessions ago, investors were incredibly anxious about buying stocks. But by signing a $40 billion monthly check for his QE3 mortgage, Ben Bernanke fixed that pretty quickly.

Nothing cures investor anxiety over stocks quite like turning flight to safety assets into toxic instruments -- and with short-term rates being held down near zero and QE3 set to materially increase the money supply, that's exactly what the Fed has done.

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It's worth noting that QE3 is special; it's the first round of Fed action since the market crash that's been announced when forward inflation rates were above 2.2%. That means that the buying power of the dollar could really be diminished compared to alternatives like gold or equities.

That's exactly why it makes sense to focus on the big stocks that could benefit the most from money piling into them. So we're taking a technical look at five names set to slingshot higher this week.

If you're new to technical analysis, here's the executive summary.

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Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.

Every week, we take an in-depth look at big names that are telling important technical stories. Here's this week's look at the technicals of five high-volume stocks ready to move higher.

 

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