Read More: 5 Breakout Stocks Under $10 Set to Soar
A rising tide has been lifting all ships for the last few weeks as the S&P 500 plowed its way to new all-time highs in August. But this month, as the big index scrapes up against the top of its long-term trading range, it pays to be a little more selective with stocks again. Being selective doesn't necessarily mean sitting on the sidelines, however. Some of the biggest names on Wall Street are sending traders clear-cut buy signals in September.
So are you ready to take advantage of the technical this week?
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.