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TheStreet Open House

5 Big Stocks to Trade for Gains

BALTIMORE (Stockpickr) -- As the first trading session kicks off for August, investors are finally getting a taste of summer doldrums.

>>5 Surprise Stocks the Pros Love Right Now

Stocks have been trading sideways for the past couple of weeks now, after rallying more than 5% from July 1. That horizontal price action isn't necessarily a bad thing, though. After a big move like we've just experienced, consolidation periods give markets a chance to take a breath. They're healthy for rallies.

Historically, summer is the time of the year when the stock market is on snooze. And since that hasn't been the case so far this summer, we're overdue for some dull trading. But just because the broad market is range-bound doesn't mean that all stocks are nodding off. Sure enough, there are still some tradable setups shaping up in a handful of Wall Street's biggest names this week.



Today, we'll take a technical look at five of them.

>>5 Stocks With Big Insider Buying

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

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.

>>5 Stocks Set to Soar on Bullish Earnings

Every week, I take an in-depth look at big names that are telling important technical stories. Here's this week's look at five high-volume stocks to trade this week.

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