Summer Trends

While the DJIA, NASDAQ and S&P 500 seem to be showing hesitation in our current primary trend, there are still a number of good individual trends showing strong upward momentum.  I do not currently own any of the stocks mentioned below.  I am short on Oil and will go short on financials next week if this interruption to the primary uptrend continues.  If some confidence building movements occur over the next couple of weeks, these are some of the trends I will consider going long for:

Apparel:

Foot Locker Inc. (FL) started a really nice upward trend in the middle of March and jumped over 12% on May 20th.  FL has set 15 new 52-week highs since March 3rd.

Vera Bradley Inc. (VRA) also started a really strong upward trend in the middle of March for a total gain of over 46%.  VRA has set three new 52-week highs every two weeks since March 23rd.

Food products:

H.J. Heinz Company (HNZ) started a nice upward trend in the middle of April and has set 14 new 52-week highs in just over a month.

PepsiCo Inc. also showed up on the radar in late April.  It has set 11 new 52-week highs since April 27th.

Utilities:

I've seen a number of utilities companies showing early signs of trends but Southern Company (SO) seems to be the most consistent.  SO also has 11 new 52 week highs since April 27th.

Entertainment:

IMAX Corporation (IMAX) has seen some pretty astonishing growth since the middle of March, though the frequency of new 52-week highs seems to be a bit lower than the trends above.  IMAX has 6 new 52-week highs since March 30th.

RealD Inc. (RLD) is another movie related upward trending stock with 10 new 52-week highs since April 25th.

Happy trending,

Tom D'Aquino

http://trendstocker.com