BALTIMORE ( Stockpickr) -- The broad market bounced hard yesterday, providing a glimmer of hope that August's lackluster price action isn't carrying over to September. Maybe one single month is just what passes for "summer doldrums" in 2013. Eh, maybe.
One thing's for sure: Wednesday's 0.81% bounce higher was the biggest one-day move for the S&P 500 in more than a month. Yup, investors' willingness to shrug off drama in Syria, tepid global growth numbers and the ongoing talk of a taper from the Fed looks promising.
But some individual names look more promising than others. That's why today, we're taking a technical look at five of them.If you're new to technical analysis, here's the executive summary. >>5 Rocket Stocks to Buy in September 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, 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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