Winning Investments

Here are some stocks that buy and hold investors must love because they keep on going up and up, even through bear markets. These stocks have held their ground through blood-baths and hard times, and should be safe investments (depending on entry prices of course). By the way, these stocks came up in a stock scan that I’m still working on.

• AIRM AOC EME FCX GMXR INGR IVX
• MCO PRLS PZZA RJF JLG SA OXPS TIE

My friend who is new to the market told me these picks were useless because many of them were trading near their all-time highs. I laughed and I was reminded of a quote I saw on Ugly Chart’s blog.

"It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower." -William O’Neil

I was happy to see that MCO came up in this scan, because I remember pointing out the MCO breakout a few months ago. Back then, I knew there was something special about MCO’s chart that made it so appealing to me, but I couldn’t figure out what it was. Now I know that it was the fact that MCO closed above its 50 DMA consistently for the last 6 months. That’s a sign that investors love accumulating this stock.