The Traderszone Network

Published in TZ Latest News 28 October, 2016 by The TZ Newswire Staff

IBD 50: Breakouts And Breakdowns, But Plenty Of Leaders Still In Bases

It was anything but a dull week on the stock market. On the IBD 50 list, three stocks scored breakouts. At least five broke down and flashed sell signals.

But the group’s overall stratus remained solid, with about 20% of the IBD 50 at or near new highs and another 20% still in valid bases. That means there is good cause for investor’s to remain alert in the coming weeks.

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