RE: UK Stocks - Watchlist and Discussion
Thanks for for the UK sectors RS scores, Isatrader.
Just drilling down into the FTSE350 sector, Industrial Metals & Mining and it looks like that there are only two equities in the FTSE350 that actually make up this sector - EVR and FXPO. This looks likely to be that this sector has been hammered so hard that the market caps of most of them have been decimated, thus forcing them out of the FTSE350.
I think the scoring towards this sector may be a bit skewed if it only factoring in two equities. EVR is looking like shaping up a nice stage 1 base. It could potentially form a inverted H&S pattern on the weekly or a cup with a handle pattern on the daily chart.