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Commercial & Professional Services Industry group set to outperform

February 23, 2015

This obscure sounding group of stocks is one of the 24 S&P Industry groups within their Global Industry Classification Standard (GICS). It sits within the Industrials sector (there are 10 GICS sectors).

Stocks within this group can be found on http://money.cnn.com/data/sectors/commercial_services/

S&P Comm & Prof Svs Index vs. S&P 500 Index

COMM SVS V SPX

  • The MACD has crossed above zero for the first time since June 2009, fitting the criteria of looking for moving averages that have not crossed for over four years
  • There is also a bullish divergence on the MACD (this was not the case for the 2008 crossover that failed to hold)
  • The ratio is testing the top of a base that has formed since late 2012

Here is the sector against some of the other S&P Industries.

S&P Comm & Prof Svs Index vs. S&P Software Index

COMM SVS V SOFTWARE

The moving averages have crossed for the first time since early 2009, with a potential base having formed since early 2012

S&P Comm & Prof Svs Index vs. S&P Media Index

COMM SVS V MEDIA

  • There has been a downtrend since early 2009
  • In late January, the ratio made an 18 month high but has since pulled back into the base
  • The MACD has not yet crossed

I’ll have to leave finding stock candidates today. There does seem to be some overlap with the media sector in the money.cnn lists.

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