The market has been dragged down by the weight and anxiety of watching the dysfunctional goings on in Washington. Nevertheless, there are a few stocks that are still showing some decent technical action. After all, it is earnings season.
The following list of stocks, obtained from our Premium Stock Screener, reflects MACD and DMI flipping bullish just recently and a low Price-to-Sales ratio below 2.
| Symbol | Name | Sector | Industry | Price to Sales |
|---|---|---|---|---|
| MHH | Mastech Holdings, Inc | Consumer Services | Professional Services | 0.22 |
| ABD | Acco Brands Corporation | Consumer Durables | Publishing | 0.34 |
| CLW | Clearwater Paper Corporation | Basic Industries | Paper | 0.51 |
| ACXM | Acxiom Corporation | Technology | EDP Services | 0.98 |
| ABVA | Alliance Bankshares Corporation | Finance | Major Banks | 1.23 |
| USMO | USA Mobility, Inc. | Public Utilities | Telecommunications Equipment | 1.5 |
| LSI | LSI Logic Corporation | Technology | Semiconductors | 1.52 |
| AJG | Arthur J. Gallagher & Co. | Finance | Specialty Insurers | 1.71 |
| EHTH | eHealth, Inc. | Finance | Specialty Insurers | 1.74 |
| LOV | Spark Networks, Inc. | Miscellaneous | Business Services | 1.76 |
Despite PE ratios all over the place, the low Price-to-Sales numbers suggests there is still at least a small element of value in all these stocks. Indeed, all these stocks are cash flow positive and their Enterprise Value to EBITDA ratios range from deep value to reasonable value.
With the market so negative these last couple of days, the accomplishment of these stocks in terms of their ability to generate bullish chart patterns is all the more impressive. As I always say, add a few of these stocks to your watch list. Continued shenanigans in Washington could provide cheaper entry points and you'll want to be ready.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
