Base Reset Shakes Out Sellers
December 17, 2012 at 08:56 AM EST
The bull market that started in March 2009 has yielded several big winners. Be careful, though, because many growth names are forming late-stage bases after massive price gains. Names like Mastercard (NYSE: MA ) and Ulta Beauty (Nasdaq: ULTA ) come to mind. Why are late-stage bases riskier