By just about any measure possible, major equity indices are currently trading at overbought levels. With that, it seems as though every chart you look at shows a stock that is very extended as well.
In an effort to find some stocks with attractive chart patterns that aren’t too overbought, we screened the Russell 3000 for stocks that have just recently broken out of well-defined trading ranges in the last week after multiple failed attempts in the past. Earlier today, we sent out this list of stocks to Bespoke Premium members. If you are a current client and wish to view the report, please click on the link below. If you are not yet a client, sign up today!