3 Stocks That Won’t Suffer a Large Correction

by Serge Berger | May 31, 2013 7:30 am

stockoftheweek 3 Stocks That Won't Suffer a Large Correction[1]As I said yesterday, global conglomerate General Electric (GE[2]) has risen over 250% since the market’s 2009 bottom … yet looks set to keep climbing.

Why? Well, the stock’s ascent has been quite orderly — as seen in the charts I posted yesterday[3]. It’s been consistently posting both higher highs and higher lows, which makes it difficult for the broader market to correct its rally more than a few percent.

The even better news, though, is that other names, including AIG (AIG[4]) and telecom DigitalGlobe (DGI[5]), have also been climbing in similar patterns. With that in mind, their stocks seem just as immune to a large correction as GE.

Serge Berger is the head trader and investment strategist for The Steady Trader[6]. Sign up for hisfree weekly newsletter here[7]. As of this writing, he did not own a position in any of the aforementioned securities.

Endnotes:
  1. [Image]: http://investorplace.com/hot-topics/stock-of-the-week/
  2. GE: http://studio-5.financialcontent.com/investplace/quote?Symbol=GE
  3. as seen in the charts I posted yesterday: http://investorplace.com/2013/05/little-stands-in-the-way-of-general-electric/
  4. AIG: http://studio-5.financialcontent.com/investplace/quote?Symbol=AIG
  5. DGI: http://studio-5.financialcontent.com/investplace/quote?Symbol=DGI
  6. The Steady Trader: http://thesteadytrader.com/
  7. free weekly newsletter here: http://forms.aweber.com/form/42/1636996642.htm

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