Downtowntrader: Stocks with Healthy Bases

I am posting four charts below of stocks that have withstood the recent correction with little technical damage. None of these stocks dropped below their 50-day moving averages and are worth watching if the markets continue to firm up. I wrote about these stocks last night in an article for Investopedia, but due to space constraints I couldn't post the larger charts I have here. Here is the introduction to the article followed by a link to the rest. The larger sized charts follow below the paragraph.

After the recent pullback, it has become even more important for traders to focus their attention on stocks that have been able to build sound bases. A base comes from a healthy consolidation, and is often an important prerequisite for a stock emerging into a new sustainable trend. A sound base often takes time to develop, and quick or choppy bases often result in failed moves as there are still many participants from the prior trend anxious to take their profits. Once a stock emerges from a healthy consolidation, the base will usually serve as a strong support or resistance level because that area is filled with other traders who missed the breakout and are anxious to avoid missing a second opportunity.

Rest of article "4 Stocks with Healthy Bases"

Citrix Systems, Inc. (Public, NASDAQ:CTXS)