Chicago, IL – August 2, 2011 - Stocks in this week's article include Deckers Outdoor Corporation (NASDAQ: DECK), Tempur-Pedic International Inc. (NYSE: TPX), HollyFrontier Corporation (NYSE: HFC), Teledyne Technologies Inc. (NYSE: TDY) and Colfax Corporation (NYSE: CFX). Kevin Matras goes over a Relative Price Change screen to help you find top performers no matter what the market is doing.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Over the previous few weeks, with the market going down, I've found myself screening for stocks that are actually going up or, at the very least, have a relative price strength better than the market.
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.
You'll also notice that I said relative price strength. There are, of course, 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. In this week's screen, I'm looking for relative price change winners that also have the fundamentals to potentially make these gains continue.
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