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Published On: Thu, Nov 19th, 2020

How To Buy Growth Stocks: Why The 10-Week Moving Average Offers New Entry Points

Coherent (COHR) weekly chart

The concept of compounding is a brilliant one — even when it comes to growth stocks.


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You perform this when buying more shares in stocks that dish up fat dividends. Or when you reinvest capital gains in a mutual fund or high-yield exchange traded fund with new shares. So, how do you compound your gains in high growth stocks? Two steps are key.

First, buy a high-quality stock on the breakout from a solid cup with handle, double bottom, flat base or other proper chart pattern. The market should be in a confirmed uptrend; find out for sure in The Big Picture.

A brilliant stock rockets above the entry. Then at some point, it catches its breath. That’s good. A mild pullback keeps all parties to the stock honest. The stock may then rebound off the 10-week moving average at a higher price than the original breakout. When you see the rally resume, it’s often a sterling opportunity to add some more shares to your Read Full Article

Source: Investor Corner – IBD

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