Here’s a list of setups that I took from a screen of mine that is essentially looking for companies trading at half of their book value, but technically showing some strength of late. The only stock on the screen that I wasn’t too sure about but included it anyway for posterity, was Korea Electric Power (KEP), and it looks like it could be ready for a bounce testing the 38.2% Fibonacci retracement level.
Other than that, pretty much all the stocks listed have put in some nice bottoms with recent consolidation. Should this market find its footing amid recent selling, these stocks are poised to march higher. The one I like most is Tutor Perini (TPC) hat has a solid base, followed by a breakout and then a pullback/retest of that former breakout level. Ideally, I’d like to buy that between 12.25 and 12.40 with a trailing stop-loss below the 20-day moving average.
Here are 7 Stocks Flying Under The Radar.
