Market Overview

Today's Scan: April's Five Stocks That Can Benefit From The "Rising Tide" Effect

 

Today's Scan:

Are These Stocks Poised To Go Higher?  Five Stocks For April That Can Benefit From The "Rising Tide" Effect.

Last month I featured five stocks that could benefit from the "Rising Tide" effect.  Over the last month the five stocks did remarkably well.  Four of the five stocks rose at least 7%.  Since the scan did so well, I thought I would run it again and see what stocks it produces.  To recap the scan, there is an old saying on Wall Street that "a rising tide lifts all boats."   How this relates to the stock markets is that during a bull market, even out of favor or beaten down stocks will rise.  In other words, all stocks will get the benefit of a strong overall stock market.  With the Dow Jones Industrial Average hitting an all time high and other indexes hitting multi-year highs, the following five stocks may be poised to "rise with the tide".  Today's scan searches for stocks in the bottom 25% of their 52 week range, but have risen at least 5% in the last 20 days.  Furthermore, they are trading with above average volume and have a strong daily RSI:

-Groupon, Inc. (NASDAQ: GRPN): Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally.

-Quicksilver Resources Inc. (NYSE: KWK): Quicksilver Resources Inc., an independent oil and gas company, engages in the acquisition, exploration, development, production, and sale of natural gas, natural gas liquids, and oil in North America. The company focuses primarily on unconventional reservoirs, such as fractured shales, coal beds, and tight sands.

-GT Advanced Technologies Inc. (NASDAQ: GTAT): GT Advanced Technologies Inc. provides crystal growth equipment and solutions for the solar, light emitting diode (LED), and electronics industries worldwide

-Diebold, Incorporated (NYSE: DBD): Diebold, Incorporated provides integrated self-service delivery and security systems and services primarily to the financial, commercial, government, and retail markets worldwide.

-MagicJack VocalTec Ltd. (NASDAQ: CALL): MagicJack VocalTec Ltd. provides voice over Internet protocol (VoIP ) services in the United States. It offers magicJack and magicJack PLUS, which are VoIP devices that provide phone services for home and enterprise customers, as well as in traveling.



 

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas

 

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