BALTIMORE ( Stockpickr) -- There's no question about it -- U.S. markets have been the place to be in 2014. In fact, U.S. stock indices are one of the few country groups that are predominantly up year to date.
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So, owning U.S. equities hasn't just been your best bet, it's also been one of the few bets that haven't lost money in 2014.
But as the year draws to a close, some non-U.S. stocks are showing signs of a strong rebound, and more importantly, you can actually buy them on a U.S. stock exchange. That's because it's primarily the large-cap international stocks that are dual-listed in the U.S. and that are hitting bottoms right now. After all, with a strong dollar in play this fall, any names that have big dollar earnings and report their financials in foreign currencies are thriving.
The good news is that you don't need to guess at which foreign stocks you should actually buy this week -- today, we're taking a technical look at five breakout buys in overseas stocks.
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.
Without further ado, let's take a look at five technical setups worth trading now.
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