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