BALTIMORE ( Stockpickr) -- Stocks are trying to regain their lost ground this week -- and the financial sector is leading the charge.
Actually, financials have been leading the way for the last few months, shoving their way higher at the same time that the broad market corrected. That relative strength shouldn't be lost on you. Statistically, stocks with outsized relative strength tend to continue to beat the market for three-to-ten months. That's material outperformance.
That's why we're taking a technical look at the trading setups brewing in five financial stocks today.For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution. >>5 Stock Charts You Need to See So, without further ado, let's take a look at five technical setups worth trading now.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts