“The trend is your friend, until it ends.” It’s something I follow in all parts of my life, not just investing. Although I usually put it a different way when I’m not talking about stocks, futures or forex. I say, “If it ain’t broke, don’t fix it.”
One thing that certainly “ain’t broke” is using the Zacks Rank and Momentum Style Score to find great stock ideas to buy. The Zacks Rank methodology has proved itself since 1988 returning 26% per year since then. Not to mention all the winners we’ve found over the last several weeks by screening for stocks that are Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), with Momentum Style Scores of “A” or “B” that are within a few percentage points of their 52-week highs.
That’s exactly what I’m going to do here. I’m going to find us the next set of gems to lead the market higher. These are stocks that also have seen an uptick in volume and are poised to be the next runaway breakout stocks to buy.
Berry Plastics (BERY – Snapshot Report)
Berry Plastics Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in North America and internationally. The company operates through four segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.
Berry shares have been approaching their 52-week high from a base near $28.50. Shares are well above the 21-day moving average that’s sitting down near $33.60. A thick band of volume near $34.50 should provide support to the downside.
Leidos Holdings (LDOS – Snapshot Report)
Leidos Holdings, Inc., an applied technology company, delivers solutions and services in the national security, health, and engineering markets in the United States and internationally. The company’s National Security Solutions segment offers solutions and systems for air, land, sea, space, and cyberspace for the U.S. intelligence community, the U.S. department of defense, military services, the U.S. department of homeland security, and government agencies of U.S. allies abroad.
Leave A Comment