Relative Strength(RS) concept and Correlation Coefficient(CC) helped me to choose stocks which save my swing portfolio from losses in a worst 2-week start to a year in history. Two mentioned terms RS and CC are in fact analyzing the same…how one security is performing vs. another…mostly stocks are compared vs. major indices such is S&P…in practice, for example, if you are only long Trader and market is in a decline, by using negative CC criteria in a scanning process You can easily select only those stocks that are moving opposite to current market direction. Below You can found stocks which are showing high Relative Strength and could become swing trade alerts(membership service) if they break out of their current consolidation patterns.
CH Robinson Worldwide Inc. (CHRW)
Ellie Mae, Inc. (ELLI)
El Pollo Loco Holdings, Inc. (LOCO)
Yum! Brands, Inc. (YUM)
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