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The following is a list of stocks in rally mode, i.e. trading above their 20-day, 50-day and 200-day moving averages. All of these stocks have conservative accounting practices, as defined by ranking developed by forensic accounting firm Audit Integrity.

Audit Integrity was founded in 2002 to develop risk management tools based on a statistical analysis of corporate integrity. The Accounting and Governance Risk (AGR) rating is a forensic measure of the transparency and reliability of a corporation’s financial reporting and governance practices. The closer the score is to 100, the more conservative the company's accounting practices, according to Audit Integrity.

All of the companies in our list have AGR scores above 86, which indicates very conservative accounting practices. Hopefully this list can be a good starting point for momentum investors looking to limit their risk…

Moving average data sourced from Finviz, AGR scores sourced from Audit Integrity.

The list has been sorted by the AGR score.

1. Dycom Industries Inc. (NYSE:DY): Heavy Construction Industry. Market cap of $423M. The stock is currently trading 9% above the SMA20, 21% above the SMA50, and 22% above the SMA20. Audit Integrity AGR score of 96. The stock has lost -6.84% over the last year.

2. FelCor Lodging Trust Inc. (NYSE:FCH): REIT. Market cap of $562M. The stock is currently trading 17% above the SMA20, 23% above the SMA50, and 7% above the SMA20. Audit Integrity AGR score of 96. The stock has gained 25.87% over the last year.

3. Plexus Corp. (NASDAQ:PLXS): Printed Circuit Boards Industry. Market cap of $1.34B. The stock is currently trading 10% above the SMA20, 22% above the SMA50, and 4% above the SMA20. Audit Integrity AGR score of 94. The stock has gained 24.44% over the last year.

4. Measurement Specialties Inc. (NASDAQ:MEAS): Scientific & Technical Instruments Industry. Market cap of $330M. The stock is currently trading 16% above the SMA20, 32% above the SMA50, and 46% above the SMA20. Audit Integrity AGR score of 93. The stock has gained 166.16% over the last year.

5. J. C. Penney Company, Inc. (NYSE:JCP): Department Stores Industry. Market cap of $7.87B. The stock is currently trading 13% above the SMA20, 35% above the SMA50, and 25% above the SMA20. Audit Integrity AGR score of 92. The stock has lost -4.2% over the last year.

6. Zumiez, Inc. (NASDAQ:ZUMZ): Apparel Stores Industry. Market cap of $798M. The stock is currently trading 10% above the SMA20, 30% above the SMA50, and 41% above the SMA20. Audit Integrity AGR score of 91. The stock has gained 72.55% over the last year.

7. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD): Heavy Construction Industry. Market cap of $370M. The stock is currently trading 11% above the SMA20, 21% above the SMA50, and 16% above the SMA20. Audit Integrity AGR score of 90. The stock has lost -7.34% over the last year.

8. Interactive Intelligence, Inc. (NASDAQ:ININ): Business Software & Services Industry. Market cap of $410M. The stock is currently trading 22% above the SMA20, 37% above the SMA50, and 29% above the SMA20. Audit Integrity AGR score of 89. The stock has gained 3.31% over the last year.

9. Retail Ventures Inc. (NYSE:RVI): Specialty Retail Industry. Market cap of $634M. The stock is currently trading 13% above the SMA20, 28% above the SMA50, and 35% above the SMA20. Audit Integrity AGR score of 89. The stock has gained 84.86% over the last year.

10. Novatel Wireless Inc. (NASDAQ:NVTL): Business Software & Services Industry. Market cap of $332M. The stock is currently trading 23% above the SMA20, 48% above the SMA50, and 55% above the SMA20. Audit Integrity AGR score of 88. The stock has lost -11.08% over the last year.

11. Stone Energy Corp. (NYSE:SGY): Independent Oil & Gas Industry. Market cap of $816M. The stock is currently trading 9% above the SMA20, 24% above the SMA50, and 9% above the SMA20. Audit Integrity AGR score of 87. The stock has lost -10.96% over the last year.

12. Theravance Inc. (NASDAQ:THRX): Biotechnology Industry. Market cap of $1.66B. The stock is currently trading 8% above the SMA20, 32% above the SMA50, and 55% above the SMA20. Audit Integrity AGR score of 86. The stock has gained 53.34% over the last year.

Disclosure: No positions

Source: 12 Rally Stocks With Conservative Accounting Practices