Today's Scan: Are These Stocks Poised To Go Higher? Five Stocks That Can Benefit From The "Rising Tide" Effect
Are These Stocks Poised To Go Higher? Five Stocks That Can Benefit From The "Rising Tide" Effect.
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 searched 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:
-Inphi Corporation (NYSE: IPHI): Inphi Corporation is a provider of high-speed analog semiconductor solutions for the communications and computing markets.
-Zagg INC (NASDAQ: ZAGG): ZAGG Inc. designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGskins, ZAGGbuds, ZAGGsparq, ZAGGmate, ZAGGfolio, ZAGGkeys, iFrogz and Earpollution
-Zumiez Inc (NASDAQ: ZUMZ): Zumiez Inc. is a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name. Zumiez currently has more than 400 stores.
-Bill Barrett Corporation (NYSE: BBG): Bill Barrett Corporation explores for and develops oil and natural gas in the Rocky Mountain region of the United States. The company currently has four active development projects.
-Diamond Food (NASDAQ: DMND): Diamond Foods, Inc. is a United States based branded packaged food company. It focuses on building, acquiring and strengthening brands including Kettle Chips, Emerald snack nuts, Pop Secret popcorn and Diamond of California nuts.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.