As markets struggle, we can strive to find companies showing strength while all around are showing weakness. Many analysts will argue that this shows real outperformance.
If we search for securities showing good trend conditions that are also in outperforming sectors we can land on Alliant Energy, $LNT. We see that it is in a strong “Go” trend and that the GoNoGo Oscillator has found support at the zero line throughout this move. Most recently, $LNT has attempted to break out of a squeeze to the upside. There is some overhead resistance to deal with from prior highs but if momentum can stay above zero look for price to move higher and set a new higher high.
