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Exercise #2
2.) The sector bullish percent chart is in O's and the sector just fell to
26%. Which of the following stocks listed below is the most likely to have been the worst performer in the
sector.
Your answer was D. Stock D
Correct! Stock D's peer relative strength chart is in O's and on a
sell signal. This would suggest that it would be one of the worst performing stocks within the sector. Stock's B and
C both have their peer relative strength charts on a buy signal and X's indicating it is likely to have held up well,
at least outperforming the sector, and when the group reverses up to X's from such a low level, this will be one stock
to consider for purchase. Stock A's peer relative strength chart is also interesting. It has reversed up and is close
to giving a buy signal. This would be the first buy signal in a number of years and could be an interesting turn around
situation within the sector.
Go to next exercise.
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