BALTIMORE (Stockpickr) -- Stocks sold off for the third straight day yesterday, probably a pretty unfamiliar sight to anyone who just started investing in the last year.
In fact, to find a much worse drop in the S&P 500 than the 3.1% decline over the last five sessions, you'd have to go all the way back to 2012.A sudden slingshot higher doesn't look likely at this point. There's still room for stocks to slip lower before we even need to start worrying about the health of this rally. To skirt the selling, you've got to turn to the names that are showing signs of strength. For the last few months, industrials have been one of the key bastions of strength in this market. That's why we're taking a closer technical look at five of them 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 Rocket Stocks for a Volatile Week 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