Don't Call It A Comeback - Jeff Pierce

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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More

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Don't Call It A Comeback 0 comments

Nov 13, 2011 7:19 PM | about stocks: PHM, XHB, BZH

I’m not a big fan of bottom picking, but the homebuilders sector caught my eye while running some bullish scans tonight.

BZH and PHM look to be establishing a bottom technically and with modest accumulation coming in from a volume standpoint, one may want to start nibbling on the long side if your timeframe is much longer than mine. While I remain bearish on the general markets, this sector will be one to watch from here on out to see how it handles any corrections.

Stocks: PHM, XHB, BZH

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