For Immediate Release
5 Stocks with Recent Price Strength Despite Market Volatility
The global economy is set to remain coronavirus-stricken this year. Although, in April-May, stock markets of most of the countries recovered much of the ground that they lost in February-March, the global economy has a long road to go to reach the pre-pandemic stage. The U.S. economy is not an exception.
Wall Street has been reeling under volatility since mid-June, following the second wave of coronavirus in more than 20 U.S. states. New cases of COVID-19 jumped as all 50 states started reopening after nearly two months of lockdowns. The resurgence of the deadly virus has raised several questions about the much-hyped V-shaped recovery of the U.S. economy.
Despite the resurgence of the deadly coronavirus in many states, it is unlikely that a second round of lockdown will be imposed. Better-than-expected economic data, despite the fact that the aggregate economy is still way below its pre-lockdown level of activities, have shown fundamental stability.
At this stage, wouldn’t it be a safer strategy to look for stocks that are winners and have the potential to gain further?
Sounds Good? Here’s How to Execute It:
One should primarily target stocks that have recently been on a bull run. Actually, stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or else it would have probably crashed. So, looking at stocks that are capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, you need to set other relevant parameters to create a successful investment strategy.
Here’s how you should create the screen to shortlist the current as well as the potential winners.
For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/1003548/5-stocks-with-recent-price-strength-despite-market-volatility
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Contact: Jim Giaquinto
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