It’s not just Amazon.com (AMZN) that’s breaking to new 52-week highs today.
Let’s take a look at the 10 stocks in the S&P 500 right now that are also breaking out to new highs.
As of mid-day July 6th, these 10 “top” stocks in the S&P 500(NYSEARCA:SPY) broke to a fresh new 52-week high.
In many cases we’re seeing all-time highs trigger for these stocks.
We believe in the principle “that which is strong tends to get stronger” which is why we focus our stock scans and longer-term investments (or longer-term swing trades) off “strong stocks getting stronger” stock scans and lists.
Here’s the charts of these “strong getting stronger” candidates:
The list includes names you’ve heard of (Amazon.com, Wal-Mart, Merck) and perhaps names you haven’t.
As you do your research and stock scans, focus on names like these for pullback or breakout strategies.