Today’s Chart of the Day is going to be a little different. My wife Barbara is a lot smarter than I am. She keeps asking me why I write about stocks that are already hitting new highs instead of beaten-down stocks that have nowhere else to go but up. Then, Rick Santelli comes on “Squawk Box” and starts talking about beaten-down stocks that are experiencing a “reversion to the mean” and she says: “See! Isn’t that what I’ve been telling you?”
That got me thinking about how I could use Barchart’s powerful screening tools to find stocks that have hit bottom and are starting to recover. It was easier than I thought.
