Checklist, continued
#8. Stock-Chart Analysis
Once you've identified a quality company, check its price and volume chart to spot the best time to buy and maximize your profits.
- Buy stocks breaking out of proper chart base patterns, such as the cup with handle, double bottom and flat base.
- Be sure to buy a stock within 5% of its pivot (buy) point. Otherwise, you could be buying a stock already too extended in price.
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Related Resources:
Click here to get the 7 Steps For Selecting Winning Stocks, according to the CAN SLIMTM Investment Research Tool.
Go to the Investor's Corner Archives to read IBD's "editor picks" of classic Investor's Corner columns.
Search our archive of Ask Bill O'Neil Q & A's organized by topic.
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