A look at four bloated, overowned Bully stocks: SBUX, CCL, JWN, WFMI. All are showing bearish divergences in money flow, declining volume, and poor accumulation. However, they are all within ramping distance of their highs, so could be subjected to XMAS related hedge fund games in thin year end trading. My thinking: look for a high volume alert, in one or several for some confirmation, or look for a ramp to new highs on slack volume and poor money flow. Challenging, but something may materialize, and I'd like to play them for the post-holiday hangover.
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stockcharts.com[l,a]daclniay[pd20,2!b200][vc60][iUc20!Lf]&pref=G
stockcharts.com[l,a]daclniay[pd20,2!b200][vc60][iUc20!Lf]&pref=G |
