First, Let me explain what a Dutch Auction is. It's an auction in which the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price, I'm not recommending you buy these stocks but here is a list of 6 stocks that are selling at a deep discount to their 52 week high. If their price gets any lower someone is going to pull the trigger and buy at a bargain discount price. You might want to monitor these stock and see when the Trend Seeker makes a signal.
I have included 1 year charts showing the Price, Trend Seeker, 50 Day Moving Average and 50 Day Turtle Channel
NVIDA (NVDA) 22.67% discount to its 52 week high
Advanced Micro Devices (AMD) 40.50% discount to its 52 week high
Super Micro Computer (SMCI) 76.35% discount to its 52 week high
Intel (INTC) 56.49% discount to its 52 week high
Micron Technology (MU) 42.17% discount to its 52 week high
Rigetti Computing (RGTI) 41.88% discount to its 52 week high
Again, These are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
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On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
