For Immediate Release
Chicago, IL – November 19, 2019 - Stocks in this week’s article are Orion Group Holdings Inc. ORN, Cannae Holdings Inc. CNNE, NMI Holdings Inc. NMIH, Northwest Pipe Co. NWPX and Universal Forest Products Inc. UFPI.
5 Stocks with Recent Price Strength to Maximize Your Gains
“In the stock game, winning means reaching a higher price.” However, striking the right chord each time needs a fair amount of luck.
No matter how disciplined and systematic investors are, equity market volatility will always manage to get the better of them. While a few lucky ones rake in the moolah, others fall victim to ad hoc strategies.
One could resort to commonly used techniques to find beaten down stocks that have the potential to recover faster than others. However, even such investment choices bear the risk of disappointment. Particularly, one could fall into the value trap if the hidden weaknesses in selected stock are not identified.
So, wouldn’t it be a safer strategy to look for stocks that are winners currently 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/625382/5-stocks-with-recent-price-strength-to-maximize-your-gains
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Contact: Jim Giaquinto
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Universal Forest Products, Inc. (UFPI): Free Stock Analysis Report
Orion Group Holdings, Inc. (ORN): Free Stock Analysis Report
NMI Holdings Inc (NMIH): Free Stock Analysis Report
Northwest Pipe Company (NWPX): Free Stock Analysis Report
Fidelity National Financial, Inc. (CNNE): Free Stock Analysis Report
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