Big stocks are having an equally big year in 2017 - as I write, one in four S&P 500 components is up 15% or more since the start of the calendar year. That's a quarter of the biggest stocks on the market that are up at least double the rest of the index year-to-date.
More importantly, there's a lot more where that came from.
As I write, some of Wall Street's biggest stocks are teetering on the edge of breakout territory, signaling more upside ahead. To figure out which ones are about to springboard higher (and when to buy them), we're turning to the charts for a technical look at three large-cap trades that are about to send buy signals.
First, a quick note on the technical toolbox we're using here: technical analysis is a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.
Every week, I take an in-depth look at big names that are telling important technical stories.
Here's this week's look at three big stocks to trade.
