Thursday, April 13, 2006

buying climaxes

Schwab's Liz Ann Sonders takes a look at buying climaxes in conjunction with the Schwab Equity Ratings for stocks that are candidates to be sold.

On the this list are TWW, ENG, TTI, IDSY, HYTM.

Buying climaxes take place when a stock makes a 12-month high, but closes the week with a loss. They're a sign of "distribution" and indicate that stocks are moving from strong hands to weak ones.

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