For Immediate Release
Chicago, IL – April 13, 2020 – Stocks in this week’s article are Electromed Inc. (
ELMD Quick Quote ELMD - Free Report) , NovaGold Resources Inc. ( NG Quick Quote NG - Free Report) , FTI Consulting Inc. ( FCN Quick Quote FCN - Free Report) , Eli Lilly and Co. ( LLY Quick Quote LLY - Free Report) and Masimo Corp. ( MASI Quick Quote MASI - Free Report) . 5 Stocks with Recent Price Strength Amid Coronavirus Logjam
After commencing the year on a bright note, Wall Street had a good run right up to the middle of February before losing track completely on account of the coronavirus pandemic, which was first detected in China.
This outbreak compelled several developed nations, including the United States, and major emerging economies to resort to either full or partial lockdown to curb the spread of the deadly virus. In fact, volatility is likely to persist in April as the panoptic impact of the coronavirus outbreak is yet to be realized in the United States and globally.
However, despite the severe volatility at the moment, Wall Street is expected to stabilize slowly after a few weeks as the rate of growth of the infected people is likely to reach its highest within that period. In fact, some of the stocks have remained unaffected by the market bloodbath.
At this stage, 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/862418/5-stocks-with-recent-price-strength-amid-coronavirus-logjam 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.
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Contact: Jim Giaquinto
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