BALTIMORE (Stockpickr) -- What's the best-performing big stock index this year? I'll give you a hint: It's not the S&P 500, the Dow Jones Industrial Average or even the Nasdaq 100.
No, to find the best performance in 2015, you have to look overseas.
Despite pressure from a rising dollar, foreign stocks have actually shown some serious strength this year. Since the calendar flipped to January, Italy's FTSE MIB Index is up more than 11%. The Swiss Market Index is up more than 8%. And Japan's Nikkei-225 has rallied a whopping 12% year-to-date. And that could all just be the beginning. Some foreign stocks look ready to extend their gains in 2015.
That's why, today, we're taking this technical look at five foreign stocks that look ready to break out. The good news is that you can buy all five in your U.S.-based brokerage account; all have shares that trade on domestic exchanges.
To figure out which foreign stocks trade, we're turning to the charts for a technical look.
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.
Up first is $8 billion Brazilian paper manufacturer Fibria Celulose (FBR). FBR has shown U.S. investors a stellar run so far in 2015. Since the start of the year, this big paper stock has rallied more than 14%, beating the S&P 500's nearly flat price performance by a huge margin.