It’s useful to study which industry groups are moving up and which ones are moving down. See the two tables below. Often you can find one or two stocks that stand out in a rising industry. The wee for example, the Auto & Truck (Mfg) group had the largest 5-day price gain. The leading stocks are Linamar and Magna, two good ones for your WatchList to consider when the market confirms a new uptrend. Both are undervalued with high RV and RS scores.
During our SOTW Q&A webinar tomorrow at 12:30 EDT we’ll show you how easy it is to set up and run a search to find Industry Group Movers in your daily routine.
Click here to register for the webinar: http://news.vectorvest.com/CA_SOTW_QA_051115_registration.html
Can’t attend live? Be sure to register and you will receive a follow-up email with a link to the recording as soon as it’s available. You can also check www.vectorvest.ca/events for past recordings.
*Interesting to note the following divergences in the tables below. 1. The average price of Transportation (Truck) has increased from 5 days ago but its RT Ranking has fallen. 2. The average price of Aerospace & Defense (Mfrs), Petroleum (Cdn ExplPrd), and Bank (Domestic) has fallen from 5 days ago but the RT Ranking has improved.