You know things are getting ugly when I dust off the contents of my Recent IPOs watch list and actually offer up long ideas. But here we are. In any case, here are some younger stocks that seem to be basing and hold the prospect for strong price gains, assuming the minuscule dip we saw in February constitutes the only bear market we’re going to get this decade.
Just to play devil’s advocate for a moment, I would close by pointing out that other poorly-performing stocks have exhibited the ability to lure people in at pretty much the worst time. Take a look at this lifetime history of Nikola, taking special note of the price’s relationship to its slowest moving average.
