Stock Market Leader Ryland Jumps Past Buy Point
Homebuilder Ryland Group (RYL) broke out of a six-week consolidation this week, rushing past a 35.94 buy point. On Tuesday, the stock closed up 1.55 at 37.40, up 4% from the proper entry. One could argue the stock furnished an early entry point at 35. The stock had hit resistance at that number on Oct. 25 as well as multiple occasions in November. Seasoned IBD readers know it is foolish to chase a good stock beyond 5% of the proper buy point. The
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