CHICAGO, June 15, 2011 /PRNewswire/ -- Stocks in this
week's article include: The Cato Corporation (NYSE: CATO),
Colfax Corporation (NYSE: CFX), Frontier Oil
Corporation (NYSE: FTO), Ulta
Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA)
and Vitamin Shoppe, Inc. (NYSE: VSI). Kevin Matras goes over the importance of moving
averages and how to find stocks in uptrends no matter what the
market is doing.
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Screen of the Week written by Kevin
Matras of Zacks Investment Research:
Last week was a record – unfortunately; it's not one the market
is looking to repeat anytime soon. Last week marked the first time
since 2002 that the market closed lower for 6 weeks in a row.
To put this into perspective however, the Dow is 'only' down
-6.70% over that 6-week period. That doesn't sound like that much,
although it felt like a lot more. And in some of those weeks, it
seemed like nothing was going up. But there was. And there is still
is.
Today's screen focuses in on those companies moving higher and
how to use moving averages to find those stocks that are in both
short-term and long-term uptrends.
Over the last six weeks, there have been plenty of stocks that
fell below their shorter-term moving averages and even their
longer-term moving averages.
But there were plenty of stocks moving up, with their uptrends
intact. And finding these kinds of stocks is easy to do with a
stock screener.
For the rest of this Screen of the Week article, please visit
Zacks.com at: http://www.zacks.com/commentary/17965/
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