This week, I ran the Abnormal Breaks US scan in search of stocks that came to life after the market has shown little interest in them for some time. A few stocks showed what I call a Bottom Fishing pattern. These occur when a stock that has been in a downward trend for some time breaks higher from a rising bottom after breaking the long term downward trend.

1. VTR
VTR broke higher from a rising bottom on Friday and closed near its high on a day when the overall market was being sold aggressively. Although this stock is still below the very long term downward trend line, it looks like it could make a tradeable short term move higher.

2. LSTR
LSTR has suffered since the end of 2014 but has started to show signs that it wants to resume the long term upward trend. The Sentiment Stockscore has risen back above 60 as the buyers start to show optimism for the stock again.

For Tyler’s whole Newsletter for this week at this link: Don’t See What You Want to See