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CVX, PFE, KO, AFL, JNJ, PEP, UTX, WMT, DUHDUH
Posted on Jan 07, 2009 by WHC Bassetti.
Recently Mark Hulbert canvassed his best perfoming newsletters and compiled a list of stocks they were recommending in common. It is above. We looked at it out of curiosity. Like the cat –curiosity is our bete noir –chat noir?) What we saw was a bunch of singularly uninspiring charts. PFE Pfizer might be of some interest — but not because of the chart. In general it may be said that these old warhorses have recovered somewhat, but the KO chart is probably best expressive of the group. A rectangle.
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Noted technical analyst WHC Bassetti has over 40 years' experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Ninth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.
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