The Closing Print live trading and financial blog during market hours.

Staples Utilities Real Estate Candidates Making Fresh 52-Week Highs

Many of the leaders and 52-week highs over the past couple of weeks hail from the staples, utilities, and real estate sectors. Staples (XLP) and Utilities (XLU) bullish trends are intact, so we assume these stocks will continue to outperform.

52-Week High Scan – Staples Utilities Real Estate

This scan finds 52-week highs, where candidates are all trading above the 20d. The scan also checks to make sure the 20d is above the 50d. Click to enlarge.


52week highs 10-24-2018


Several candidates have the 20d crossing above the 50d during the recent market plunge. These stocks are of particular interest, as momentum in these individual companies tends to continue. Click to enlarge.


52week highs 10-24-2018 2


It is important to note if we take any of these positions over the next few days, we will start with a day trade and only swing if the candidate closes at or near the high of the day. Stops will be based on the stocks average true range (ATR) and no more than (-5%) loss allowed.

Futures are gapping higher. We fully expect more volatility and the possibility that the lows may be fleeting. A retest is expected as the indices build a base. The best case for a sustained market rally would be above average volume over the next few days, with quality stocks leading.

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Happy Trading,


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Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advise” to enter any particular position or asset.


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