, president of Blue Line Futures, said these remain solid long-term investments, but under-the-surface indicators suggest they could be in for a near-term breather.
Costco and Visa, too, could be running out rope after a more than 20% rally for both so far this year, Baruch said. The average directional index, or ADX, for Costco and Visa each show a decline after a sharp move higher earlier this spring. John Petrides, portfolio manager at Point View Wealth Management, said it makes sense that these type of names are breaking out given the broader market fundamentals.
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