BALTIMORE (Stockpickr) -- The back-and-forth between buyers and sellers is continuing this April. After last week's hard selloff, stocks are ratcheting higher again to test the exact same levels we were at just five sessions ago.
Whether you're bullish or bearish right now, this is a "two steps forward, one step back" market. But just because the S&P 500 is getting batted back and forth doesn't mean that you need to go through the turbulence too. As I write, lots of names are finally starting showing signs of a buy signal.
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. >>5 Stocks Hedge Funds Are Buying 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.