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The Zacks Analyst Blog Highlights: Daqo New Energy, BioTelemetry, Ebix, Primo Water and Nanometrics

For Immediate Release

Chicago, IL – May 02, 2016 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Daqo New Energy Corp. (DQ), BioTelemetry, Inc. (BEAT), Ebix Inc. (EBIX), Primo Water Corp. (PRMW) and Nanometrics Inc. ( NANO).

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Here are highlights from Friday’s Analyst Blog:

5 Stocks with Recent Price Strength to Buy

An investor always seeks a win-win strategy, but in the current highly volatile market, it is difficult for even an ardent investor to come up with a foolproof approach. When it comes to stock investing, people generally look for beaten down stocks that have the potential to recover faster than others. But this also bears the risk of disappointment. Particularly, one could fall prey to value trap if fails to identify the hidden weakness in the selected stock.

So, how about looking for the current winners that have the potential to gain further?

Here’s how to go about it:

One should primarily look for stocks that have been recently witnessing price increase. Actually, stocks seeing price strength recently have a higher 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 the losers. So, looking at those that have already won the game and are capable of beating the benchmark that they have already set sounds rational.

Nevertheless, recent price strength alone cannot do the trick. Club together other relevant parameters in your game plan to get optimum return on your investment.

Here’s how you should create the screen to shortlist the current as well as the potential 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 lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in 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 a stock’s 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 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 11 stocks that made it through this screen:

Daqo New Energy Corp. (DQ)

BioTelemetry, Inc. (BEAT)

Ebix Inc. (EBIX)

Primo Water Corp. (PRMW)

Nanometrics Inc. (NANO)

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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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
DAQO NEW ENERGY (DQ): Free Stock Analysis Report
BIOTELEMETRY (BEAT): Free Stock Analysis Report
EBIX INC (EBIX): Free Stock Analysis Report
PRIMO WATER CP (PRMW): Free Stock Analysis Report
NANOMETRICS INC (NANO): Free Stock Analysis Report
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