For Immediate Release
Chicago, IL – April 13, 2020 – Stocks in this week’s article are Electromed Inc. ELMD, NovaGold Resources Inc. NG, FTI Consulting Inc. FCN, Eli Lilly and Co. LLY and Masimo Corp. MASI.
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
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Masimo Corporation (MASI) : Free Stock Analysis Report
FTI Consulting, Inc. (FCN) : Free Stock Analysis Report
Eli Lilly and Company (LLY) : Free Stock Analysis Report
Electromed, Inc. (ELMD) : Free Stock Analysis Report
Novagold Resources Inc. (NG) : Free Stock Analysis Report
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