BALTIMORE (Stockpickr) -- The buyers and sellers are continuing to battle it out this week, as the big indices press up against all-time highs once again. No, yesterday's 0.29% gain wasn't a blockbuster session, but the price action was still undeniably bullish. Advantage buyers.
But while all eyes are on the drama that's unfolding in a particularly challenging broad market, there are some more straightforward trades popping up in the individual names. To take advantage of them, we're turning to the charts.
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. >>Buy These Blue Chips Before They Hike Their Dividends Again 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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