Zacks.com Featured Expert Kevin Matras Highlights: Anika Therapeutics, MFRI and PRG-Schultz Int'l.CHICAGO -- Kevin Matras goes over a Relative Price Strength strategy for finding winning stocks in all markets. Stocks in this week's article are Anika Therapeutics therapeutics Treatment and care to combat disease or alleviate pain or injury. Its tools include drugs, surgery, radiation therapy, mechanical devices, diet, and psychiatry. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ANIK ANIK Canadian COMSAT ), MFRI MFRI Maryland Fire and Rescue Institute (USA) MFRI Military Family Research Institute , Inc. (NASDAQ: MFRI) and PRG-Schultz International, Inc. (NASDAQ: PRGX). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=109 Screen of the Week written by Kevin Matras of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. : The last week or two has been a tough market. And even though I remain positive on the market, here's a screen that doesn't need a bull market to succeed. In fact, in this week's screen, I'm going to go over a Relative Price Strength screen that's been beating the market in both good times and bad. The parameters to this screen are as follows: - Zacks Rank less than or equal to 2 (Only Buys and Strong Buys) - Avg. Broker Rating equal to 1 (Since Brokers are typically bullish 'everything', they have to be fully on board.) - Relative % Price change - 12 weeks greater than or equal to 15 (I'm looking for stocks that are outperforming the S&P 500 by 15% or greater over the last 12 weeks.) - % Price Change - 12 weeks greater than or equal to 5 (Simply beating the S&P is not enough. They also have to be up in price in absolute terms by 5% or more.) - Current Price/52 Week High greater than or equal to .80 (I'm looking for stocks that are trading at greater than or equal to 80% its 52 Week High, i.e. no more than 20% from its 52 Week High. Only stocks high up in their uptrend are allowed.) - Current Price greater than or equal to 5 (They all have to be trading at a minimum of $5 or higher.) The Results: I ran a series of tests using a four-week holding period over the last five-year time span. Each test was started on a different start date to eliminate coincidental co·in·ci·den·tal adj. 1. Occurring as or resulting from coincidence. 2. Happening or existing at the same time. co·in performance and to verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. robustness. In the bear market of 2002, this strategy showed an average compounded gross return of 13.5%. In the cake-walk of 2003, it showed a whopping 102.9%. In 2004, the strategy showed an average compounded gross return of 48.9%. In 2005, the returns were 64.6%. And in 2006, the returns came in at 22.6%. Here are three stocks that pass this screen for 7/31/07: ANIK Anika Therapeutics, Inc. MFRI MFRI, Inc. PRGX PRG-Schultz International, Inc. Learn how to find winning stocks in any market. Test this screen and others or build your own strategies and test them. It can all be done with the Research Wizard Instructional help in an application or system development environment that guides the user through a series of multiple choice questions to accomplish a task. For the most part, wizards are more effective than the help menus found in most applications, which often border on the atrocious. . Sign up for your free trial now: http://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 http://at.zacks.com/?id=112. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. 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! Register for your free subscription to Profit from the Pros http://at.zacks.com/?id=113 Zacks Investment Research is under common control with affiliated entities (including a broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the : Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
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