5 Retail Stocks to Trade for Gains in June
BALTIMORE (Stockpickr) -- 2014 has been a tough year for specialty retail stocks. Since the start of the year, the average retail name has slid more than 5.4%, versus 4.8% gains for the S&P 500. Simply put, owning retail has been hazardous to your portfolio's health for the last six months.
But that could be about to change.
We're seeing a major shift in leadership in June as the momentum names that fared so well in 2013 start coming back into favor this year. And retail is one of the sectors best-positioned to rally into the second half of the year.
So to figure out which specific retail names are worth trading this week, we're turning to the technicals.
For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at five technical setups worth trading now.