BALTIMORE (Stockpickr) -- U.S. stocks have been moving straight up for more than a month now, busting through the new highs that the S&P 500 set back in January. But that could be about to change.
The market's "up, up and away" trajectory has stocks hitting their heads on the top of the trading range they've been bouncing in for the last 15 months. That doesn't mean it's time to duck and cover with your stock portfolio. We're still in a "buy the dips" market -- we're just due for another dip.
But while the broad market hints at a correction, some names are still screaming "buy" right now. Today, we're taking a closer technical look at five of them.
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.
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.