High Current

New heights

Today I'm going on a single screen with a powerful concept. The stock that make new highs. I know that some are reluctant to buy stocks making new 52 week highs. If you're one of them, have you ever wondered yourself why? If the stock is taking a new 52-week high, is not a good thing? Like a stock to a new 52-week low is bad thing. I'm pretty sure that someone who does not buy shares to new peak last 52 weeks would not be too upset if the material he had already broken out to new 52-week high. And why would he? Statistics have shown that stocks do new highs tend to spend even greater heights. These are the stocks that we all dream about. Enter and look to continue climbing.

Of course, the fundamentals need to be there. And you must keep a watchful eye on valuations. But if you were in a stock making new highs and applauded him, it seems stupid to be afraid of doing the same thing just because you did not buy.

A question that I like request to put things in perspective is that if I were him, I'd be happy and would I still be in it? If the answer is yes, then I'll seek the best chance of getting in. If the answer is no, I want to take profits, then I'll move forward.

This topic reminds me actually of a question I was asked some time ago about a stock I mentioned is a new 52-week high – in fact, a 5-year high. He asked: "Are not you worried about buying a stock at a high 52 weeks? "I said of course not. Thus, it has to a new 52-week high. That's great news! Guess what – last year he made a new high as 52 weeks. And the year before. And the year before. Can you imagine all the money you'd be leaving on the table if you were afraid of being in stocks in each Once they have made a new record? Case closed.

The screen I'm running out today looking for:

* Securities trading less than 5% of their last 52 weeks. The expression looks like this:

Current Price/52 weeks> = .95

This means that these stocks are either a new 52-week high, or just hit him and still trading within 5% of it, or are en route to their 52-week high and are firing range.

* Zacks Rank less than or equal to 2

Only strong Zacks Buys and Buys.

* Price Sales less than or equal to 1

A sale price ratio of 1 means that you pay $ 1 for every $ 1 of sales a company makes. AP / S ratio less than 1 means that you are paying less than $ 1 for every $ 1 of sales a company makes. I found that looking at stocks with ratio P / S less than or equal to 1 helps to find stocks that are still considered undervalued – even if they are new peaks.

* Current AVG. 20 Day Volume> Average previous week. 20 Day Volume

In short, it helps me find the stocks for which volume has increased in recent weeks compared to the previous week. If the price is climbing on increased volume, which shows increase demand or purchasing inch ahead and purchase application is there for a stock should climb over it.

* All these parameters are Applied to stocks> = $ 5 with me. Daily Volume> = 100,000.

Here are 5 titles that crossed the screen this week for 12/29/09:

AIN – Albany International Corp.

CAG – ConAgra Foods, Inc.

FUL – HB Fuller Company

ODSY – Odyssey HealthCare, Inc.

UVV – Universal Corp.

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 investment firm affiliated advisory May clean or have sold short securities and / or hold long and / or short positions in options that are mentioned in this material.

About the Author

Kevin Matras is the Research Wizard Product Manager and weekly contributing Editor at Zacks Investment Research who creates and writes the Zacks Commentary Screen of the Week and Know Your Options. For more information, visit http://www.zacks.com.

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