When the markets are as whimsical as they are now,it’s tough to come up with a winning strategy. One could resort to commonly used techniques to find beaten down stocks that have the potential to recover faster than others, but this also has the risk of disappointment. Finding the current winners that have the potential to gain further should be a safer strategy instead. In the stock game, winning means reaching a higher price. So how about looking at those that have already won the game and are ready to beat the benchmark that they have already set? Sounds a good idea? Here is how to execute it: One should primarily look for stocks that have been recently witnessing price increase. Actually, stocks seeing price strength recently have a high chance of carrying the momentum forward. If a stock is continuously moving higher, there must be a good reason for the rise or else it probably would have fallen like others. Nevertheless, recent price strength alone cannot create magic, so you need to set other relevant parameters to create a successful investment strategy. Here’s how you should create the screen for shortlisting the current as well as the potential future winners. Screening Parameters: Percentage Change in Price (4 Weeks) greater than zero:This criterion shows that the stock has moved higher in the last 4 weeks. Percentage Change Price (12 Weeks) greater than 10:This indicates that the stock has seen momentum over the last three months. This reduces the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market for a very short period. Zacks Rank 1:No matter whether the market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. Average Broker Rating 1:This indicates that brokers are also highly hopeful about the future performance. Current Price greater than 5:The stocks must all be trading at a minimum of $5 or higher. Current Price/ 52-Week High-Low Range more than 85%:This criterion filters those stocks that are trading near their respective 52-week highs. It indicates that these are strong enough in terms of price. Here are five of the 10 stocks that passed the test: KT Corp. (KT) Daqo New Energy Corp. (DQ) Forestar Group Inc. (FOR) pdvWireless, Inc. (PDVW) Alleghany Corporation (Y) Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. 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 affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: http://www.zacks.com/performance. Zacks Restaurant Recommendations: Inaddition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KT CORP (KT): Free Stock Analysis Report DAQO NEW ENERGY (DQ): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report FORESTAR GROUP (FOR): Free Stock Analysis Report PDVWIRELESS INC (PDVW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research