July 02, 2013 at 18:14 PM EDT
Negative Reversals Take Their Toll On Sector Leaders
Negative reversals in the stock indexes Tuesday set the tone for a bad day for leaders. Among the 12 stocks that made the Sector Leaders' list in Tuesday's IBD, nine reversed to losses after starting the day with gains. Only two of the losers attracted volume that underlined the losses. Online rental vacation home provider HomeAway (AWAY) skidded 0.48 to 31.50 in volume that was 24% above its average. Yet the action did little to damage the chart.
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