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Sticking with Leadership
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We're only a few weeks away from the start of earnings season again, so it's important to remember to check not only the absolute performance of your holdings, but also the relative performance. Understand that relative performance can tail off a bit when a stock consolidates big gains, so that's the relative strength line turning down for a bit is not what I'm referring to. If you own a stock that has relative strength at a 6
month low, I'd re-evaluate that position. Another warning sign would be owning a stock in a very poor industry group. On the flip side, Horizon Therapeutics (HZNP) shows the power of a owning a leader:
