BALTIMORE ( Stockpickr) -- With the breakneck rally in stock prices in 2013, it's been easy to ignore commodities (or even commodity-focused stocks). While the S&P 500 has climbed more than 25% since the start of the year, the iShares S&P GSCI Commodity Index ETF ( GSG) has managed to lose around 3% since the start of the year.
So no, commodities haven't exactly been earning a place in most investors' portfolios. But that could be about to change. As I write, scores of commodity-centric names are getting close to some pretty meaningful breakout levels. The timing's pretty good too: These names are nearing key levels just as investors are starting to get antsy about stocks this December.
That's why we're taking a technical look at five commodity-driven names to trade this month.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 Stocks Ready to Break Out 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