CHICAGO, Feb. 17, 2012 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "MightyMo".
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Stocks to Percolate On
Momentum buying is a methodology where one buys a stock trending up, has gone quite a bit upwards for a good while, and has strong RSI. A stock that has moved up higher and is heading even higher.
It's works as about as good as any strategy in a roaring bull market. Here are some stocks to consider:
Home Depot (NYSE: HD) - Stock is soaring as people are fixing up their homes and the market anticipates the upcoming housing rebound (need to stay ahead of the game, right?)
Starbucks (Nasdaq: SBUX) - There are always fools who don't mind paying outrageous sums of money for a cup of coffee. SBUX's margins are the best around and they do it better than anyone else; making you feel better while robbing you blind!
Altria (NYSE: MO) - People are killing themselves buying this product; hell, someone should be making money on this other than MO, don't u think?
CincinnatiFinancial (Nasdaq: CINF) - This insurance stock is at an 3 year high but has plenty of room to go even higher. Pays a nice dividend (4.63%) and has increased the dividend each year for over 25 years. Has shown great strength lately as it has even moved up on market down days!
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