Research, Technical

Bank Stocks Maintain Interest While Apparel Stocks Unravel

Drew B. Wells, CMT, CIMA, Technical Analyst
18 September 2024

Summary

Major price indexes are at or near all-time highs, supported by Lowry’s indicators and strong market breadth measures. This suggests an upward trend for stocks. Investors are encouraged to take advantage of this strength by selling weak areas and buying strong ones. The recent analysis identified Super Regional Banks as a strong buying opportunity and Textiles & Apparel as a category to sell or avoid.


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