New Buy Ideas: 15 Stocks I Expect To Breakout

|
 |  Includes: AMSG, ANTM, CAH, FLS, HIG, INTL, ITW, MFCB, NOC, OA, PH, PRGO, RX, TRI, XRAY
by: Alan Brochstein, CFA

As I mentioned in my article a couple of weeks ago, I believe that the correction is over and I am therefore continuing my search for new buy ideas. This week, I wanted to very quickly identify some names that were reasonably valued, fundamentally stable at worst and performing technically well. Using StockVal, I employed the following parameters:

• Market Cap: $500mm minimum
• 4 week relative price change: 0% minimum
• 13 week relative price change: Between 1% and 15%
• Price vs. 52-week low: No more than +25%
• Price vs. 52-week high: No less than -10%
• PE: <50
• PE relative to 5yr Median: <1.3X
• PEG: 1.5 maximum

The list is comprised of names in 5 economic sectors, with Healthcare most heavily represented. This is a good starting point to focus one’s efforts to identify stocks that could be about to breakout.

click to enlarge

brochstein

Disclosure: Author is long WLP