Major indices finish lower amid GE earnings disappointment >>> READ MORE

The 3 Best Bull Trades on Wall Street This Week

Profits await in these three solid stocks to buy

    View All  

Active traders in search of quality stocks to buy should focus on two things: a solid chart pattern and a low-risk, high-reward opportunity. And typically the first is what leads to the second.

The 3 Best Bull Trades on Wall Street This Week
Source: Shutterstock

Fortunately for stock bulls, last week’s broad market pullback delivered opportunities on both fronts. A brief bout of profit-taking ushered the S&P 500 to as logical a buy point as any — the rising 20-day moving average. This smoothing mechanism is often a gathering ground for bargain hunters. There they lie in wait for a chance to grab shares at a discount.

Last week they received their chance. And it wasn’t squandered. The Thursday-Friday price pop for the S&P confirmed dip-buyers remain alive and well. And it wasn’t just the broad market index that developed an attractive price pattern. A handful of stocks followed suit by forming low-risk, high-reward opportunities of their own.

Here are three of the best-looking stocks to buy for the week ahead.

Next Page

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC