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Ep 173: Ken Shreve: How To Buy Stocks With Bottoming Bases

Investing With IBD

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How to Predict a Stock's Bottoming Base

Ollie's was pretty far off its highs if you you know look at where it topped out so is there anything as a precursor I mean pattern recognition is picking up the base? Well first of all you need a prior uptrend and that's the most important thing about a bottoming base because people will see a stock go 20 percent 30 40 50 percent off off their high. You can see in Ollie's relative strength line really started to swing nicely higher when it moved above its its 200 day moving average on June 16th. That has turned into a nice a nice winner just in a small group of stocks I'm holding with a nice profit  and hope to be able

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