The number of stocks pulling back in bull market territory
remains modest, as the broader stock market moved higher for a
fourth day out of the past five heading into midweek.
Traders are likely to find bigger bargains when stocks in
general are in retreat. And the current market's ability to shrug
off news that is less than positive is a reminder that traders will
need to be patient to wait for bigger edges in a wider variety of
stocks, or be narrowly focused on the best of those edges that are
available in sectors like health care and retail.
Here are 5 Stocks for the Next 5 Days.
Down three in a row are shares of
) ahead of trading on Wednesday. The current short term correction
in WTW is the stock's second since rallying back into bull market
territory in mid-October.
How many more sellers are in the market for
)? Pulling back for a fourth day in a row ahead of trading on
Wednesday, the automobile dealership has also closed in oversold
territory for four straight sessions. Autonation's last multi-day
sell-off at the end of September was met with buying for six out of
the next seven sessions.
) bounced by more than 3%, after a sharp pullback of more than 16%
over three days. The stock is set to open in neutral territory on
Wednesday, still far closer to recent lows than recent highs.
Also pulling back to short term lows ahead of trading on
Wednesday were shares of
). Trading at 52-week highs just a month ago, VRUS is now down
three out of the past four sessions.
) has closed in oversold territory above the 200-day moving average
for last two days and has finished lower for seven days in a row.
Additional weakness in the stock could help bring buyers off the
sidelines, as happened during ONTY's pullback in late
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is Editor in Chief of TradingMarkets.com