All but one of the major indices closed the month below its respective 50-day moving average. This is the current benchmark and, in a final attempt to rebound through it, each failed. Thus, the second quarter of 2013 ended with the near-term and intermediate trends down, while the long-term bull market is still in force.
Even though there appears to be a move to a “risk-off” posture, it is the small-cap Russell 2000 index that has bucked the trend and consistently outperformed the other indices. Specialized buyers focused on small-cap stocks appear to be running the group higher despite caution in other areas. Therefore, this month I’ve attempted to gather a group of small-cap and midcap stocks that have positive fundamental and technical characteristics that could propel them to higher prices.
Here are your top stocks to buy for July: