Strong stocks in a weak market | stockbee

5/10/2010

Strong stocks in a weak market

Market has taken a big pounding in last one week. While most of the stocks have been hit hard and have had pullback or correction, there are new set of stocks which have tentatively held up well and can lead next phase after some days.
When market undergoes correction the momentum ranking undergoes rapid churn and soon new set of stocks start appearing in top momentum scans.

37 stocks with 6 month, 3 month and one month momentum
ACTG
AGM
APKT
APPY
ATSG
BXG
CMLS
CPWM
CPY
CVGI
DCTH
DDIC
DTG
GTN
HTRN
IDT
INTT
ISLN
KEI
KERX
LIOX
LSCC
MBI
ME
MHR
NEWS
NPSP
PBTH
PFSW
PONE
PWER
RAS
SFI
SMTX
SRLS
TWPG
WAL

What kind of stocks have held up well so far. Stocks with immediate earnings or other catalyst have held up well.
Some of the stocks with little damage during the correction are:

PBTH: Prolor Biotech Inc

SRLS: Seracare Life Sciences

CVGI: Commercial Vehicle Group Inc


ACTG: Acacia Research Acacia Tech

When markets corrects some stocks have orderly pullback and hey are the ones to watch for possible leadership in next bull phase. 

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