By Tim Knight
| Stock Markets
| Apr 29, 2013 06:58PM GMT |
Well, there’s only so long I can plausibly offer up good short ideas in the face of a market that pukes to new highs each day. So below are a couple of retail-oriented stocks that have powerful bullish formations. First, there’s Macy’s (M) -- as an aside, also note Nordstrom (JWN), which has a similar pattern.
The other is Tiffany & Co. (TIF
), which is sporting a different style of breakout. Personally, I find it hard to believe that any stocks represent good bargains right now, but viewing these charts independently of overall market valuations, they are clean breakouts.
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