Markets

Zacks.com featured highlights: Ollie's Bargain Outlet Holdings, Vail Resorts, PRA Health Sciences, WellCare Health Plans and Teck Resources

Outdoor LED panel of a stock graph

For Immediate Release

Chicago, IL - October 26, 2016 - Stocks in this week's article include Ollie's Bargain Outlet Holdings (NASDAQ: OLLI - Free Report ), Vail Resorts (NYSE: MTN - Free Report ), PRA Health Sciences (NASDAQ: PRAH - Free Report ), WellCare Health Plans (NYSE: WCG - Free Report ) and Teck Resources (NYSE: TCK - Free Report ).

Screen of the Week written by Kevin Matras of Zacks Investment Research:

How to Pick Top Winning Stocks When the Market Is Going Down

Given the recent pullback this month, I have found myself screening for stocks with the best Relative Price Changes in an effort to determine which stocks are poised to outperform.

Of course earnings growth and valuations are important. But if a stock is simply not responding or going down (worse than the market), something's wrong. Or at the very least, it's just simply not ready to move higher.

I've talked about this kind of stuff in the past -- what investors consider to be their best stocks -- and the answer is: the ones performing the best, in other words, moving higher.

And it's the same here.

Stocks moving higher have a tendency of moving even higher.

And the stocks I've been looking at recently are indeed the ones moving higher. Especially on good volume, since the overall market volume has been kind of weak.

And if they are moving higher, it's likely because there's a good reason for them to be moving higher or else they probably wouldn't be.

Of course, this doesn't mean you should only look at its price change.

But by including those kinds of things in your screening, some very interesting stocks will come up.

Maybe some that might've just missed your normal fundamental screening. But when you put on your radar screen thru other measures (its price performance for example), you might find that these are just the kinds of companies you've been looking for.

Once again, you'll also notice I said relative price strength. Of course, there are periods where virtually everything is going down. So screening for absolute positive price changes will often times come up with zero results in these periods, just when you need them the most.

But also, when the market is doing nothing but going up, you want to get into the pacesetters and outperformers, not the laggards that are going up only because the rising tide is raising all the ships.

So using the relative price strength will always put the outperformers on your list in both good times and bad.

Parameters

In this week's screen, I'm looking for relative price change winners that also have the fundamentals to potentially make these gains lasting and continue.

The screen starts off with:

• Relative % Price change -- 12 weeks greater than 0

• Relative % Price change -- 4 weeks greater than 0

• Relative % Price change -- 1 week greater than 0

(I'm looking for stocks that are outperforming the S&P 500 over the last 12 weeks, 4 weeks and 1 week.)

• Projected Growth Rate (F1/F0) greater than the S&P 500's Median Growth Rate

(Not only do I want the price to be responding better than the market. I also want the growth rate to be better than the market as well.)

• Zacks Rank equal to 1

(Only Zacks Strong Buys)

• Current Price greater than or equal to 5

(They all have to be trading at a minimum of $5 or higher.)

• Average 20-Day Volume greater than or equal to 100,000 shares

(And have enough volume to allow easy trading in and out.)

Stocks

Here are 5 stocks that made it thru this week's screen:

(NASDAQ: OLLI - Free Report ) Ollie's Bargain Outlet Holdings

(NYSE: MTN - Free Report ) Vail Resorts

(NASDAQ: PRAH - Free Report ) PRA Health Sciences

(NYSE: WCG - Free Report ) WellCare Health Plans

(NYSE: TCK - Free Report ) Teck Resources

Learn how to pick winning stocks in any market. Test this screen and others or build your own strategies and test them. In can all be done in the Research Wizard.

Click here to sign up for a free trial to the Research Wizard today .

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.

Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.

Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »

Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111

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.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros .

Get the full Report on OLLI - FREE

Get the full Report on MTN - FREE

Get the full Report on PRAH - FREE

Get the full Report on WCG - FREE

Get the full Report on TCK - FREE

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com

Visit: https://www.zacks.com/performance

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

OLLIES BGN OUTL (OLLI): Free Stock Analysis Report

VAIL RESORTS (MTN): Free Stock Analysis Report

PRA HEALTH SCI (PRAH): Free Stock Analysis Report

WELLCARE HEALTH (WCG): Free Stock Analysis Report

TECK RESOURCES (TCK): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PRAH OLLI MTN

Other Topics

Stocks

Latest Markets Videos