5 Defense Stocks to Trade for Gains This Week
BALTIMORE (Stockpickr) -- Geopolitical turmoil has been ramping up anxiety in the markets in 2014, with escalating conflicts in Ukraine and the Middle East. No names are more exposed to that news cycle than the defense contractors, but by and large, defense stocks haven't moved much in reaction to the headlines. Until now.
After trailing the S&P 500 to start the year, defense contractors are starting to show some signs of life again. And as anxiety creeps higher this earnings season, the defensive investment properties of defense contractors could help secure your gains this year – especially as breakout trades start popping up in the individual names.
So today, we're taking a closer technical look at five defense sector stocks that look ready to move higher.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 to Buy for Blastoff Earnings Season Gains Without further ado, let's take a look at five technical setups worth trading now.