Could purgatory be the new paradise for Wall Street? For one group of investors, the answer is yes.
While the Dow has surged more than 10 percent from its February low, a number of the index’s components are trading at the midpoint between their 52-week low and 52-week high. Moreover, despite big moves up and down, the Dow is effectively flat for the past 16 months. But that sideways action has created a perfect environment for one strategy.
