Strong, uptrending stocks plagued by a lot of negative sentiment is a recipe for big gains.
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Traders looking to jump on this uptrending stock should consider the equity's July 50 call.
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And you can see how the price is clearly above the uptrending 50-day moving average on the daily.
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It is showing gains of over 20% in 2010. iShares Dow Jones US Industrials ETF ( IYJ) is reflecting this bullish move by uptrending since July.
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And by uptrending, this is where you notice that the price of the stock is higher on the right side of the chart than on the left side.
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As for entry levels I use a combination of pivot point analysis, Fibonacci as well as simple tools like the 20-period EMA. As most of you are aware, in an uptrending market, pullbacks to the 20-day EMA often provide a good entry point.
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