As a stock's advance gets long in the tooth, shares may still form bases, but late-stage formations carry risks. Netflix stock and Novo Nordisk, two IBD 50 growth stocks, are in late-stage bases. The fourth or fifth bases in a long-term advance are more prone to failure than earlier patterns, mainly because it gets harder to extend gains the longer that shares keep rising. Read More...
As a stock’s advance gets long in the tooth, shares may still form bases, but late-stage formations carry risks. Netflix stock and Novo Nordisk, two IBD 50 growth stocks, are in late-stage bases. The fourth or fifth bases in a long-term advance are more prone to failure than earlier patterns, mainly because it gets harder to extend gains the longer that shares keep rising.
