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Do you consider a stock's sales trends when choosing among names? Top-line trends are an important indicator for most companies. We illustrate by running a screen.

We began by screening the industrial goods sector for stocks with strong upward momentum, trading above their 20-day, 50-day, and 200-day moving averages.

We then screened for those stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.

We screened for stocks seeing faster growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall (kapitall.com).

Do you think these companies are poised to move higher? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Smith & Wesson Holding Corporation (SWHC): Offers metal processing services and manufactures firearms and handcuffs as well as apparel and sportsmen's articles. Market cap at $630.43M, most recent closing price at $9.65. The stock is trading 9.19% above its 20-day moving average, 27.00% above its 50-day MA, and 67.03% above its 200-day MA. Revenue grew by 27.71% during the most recent quarter ($129.84M vs. $101.67M y/y). Accounts receivable fell by 30.26% during the same time period ($48.31M vs. $69.27M y/y). Receivables, as a percentage of current assets, decreased from 34.02% to 25.33% during the most recent quarter (comparing 3 months ending 2012-04-30 to 3 months ending 2011-04-30).

2. Valmont Industries, Inc. (VMI): Produces and sells fabricated metal products, pole and tower structures, and mechanized irrigation systems in the United States and internationally. Market cap at $3.49B, most recent closing price at $131.61. The stock is trading 3.39% above its 20-day moving average, 9.79% above its 50-day MA, and 23.68% above its 200-day MA. Revenue grew by 26.31% during the most recent quarter ($717.35M vs. $567.95M y/y). Accounts receivable grew by 5.74% during the same time period ($450.28M vs. $425.85M y/y). Receivables, as a percentage of current assets, decreased from 36.45% to 34.62% during the most recent quarter (comparing 13 weeks ending 2012-03-31 to 13 weeks ending 2011-03-26).

3. Eagle Materials Inc. (EXP): Distributes, and sells gypsum wallboard, Portland cement, recycled paperboard, and concrete and aggregates. Market cap at $1.73B, most recent closing price at $38.30. The stock is trading 2.63% above its 20-day moving average, 11.83% above its 50-day MA, and 29.68% above its 200-day MA. Revenue grew by 22.46% during the most recent quarter ($116.8M vs. $95.38M y/y). Accounts receivable grew by 8.29% during the same time period ($57.33M vs. $52.94M y/y). Receivables, as a percentage of current assets, decreased from 30.32% to 29.88% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

4. Standex International Corp. (SXI): Operates as a diversified manufacturing company in the United States and internationally. Market cap at $546.07M, most recent closing price at $43.27. The stock is trading 0.03% above its 20-day moving average, 3.56% above its 50-day MA, and 11.00% above its 200-day MA. Revenue grew by 12.17% during the most recent quarter ($150.67M vs. $134.32M y/y). Accounts receivable fell by 3.51% during the same time period ($90.23M vs. $93.51M y/y). Receivables, as a percentage of current assets, decreased from 41.8% to 39.74% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. Chase Corp. (CCF): Engages in the manufacture and sale of specialty tapes, laminates, sealants, and coatings for various applications worldwide. Market cap at $142.08M, most recent closing price at $15.70. The stock is trading 13.34% above its 20-day moving average, 27.10% above its 50-day MA, and 17.02% above its 200-day MA. Revenue grew by 7.69% during the most recent quarter ($35.14M vs. $32.63M y/y). Accounts receivable grew by 0.38% during the same time period ($18.53M vs. $18.46M y/y). Receivables, as a percentage of current assets, decreased from 32.59% to 32.47% during the most recent quarter (comparing 3 months ending 2012-05-31 to 3 months ending 2011-05-31).

6. James Hardie Industries SE (JHX): Manufactures and sells fiber cement building products for interior and exterior building construction applications primarily in the United States, Australia, New Zealand, the Philippines, Canada, and Europe. Market cap at $3.64B, most recent closing price at $41.65. The stock is trading 3.25% above its 20-day moving average, 12.56% above its 50-day MA, and 19.70% above its 200-day MA. Revenue grew by 7.25% during the most recent quarter ($309.3M vs. $288.4M y/y). Accounts receivable grew by 3.82% during the same time period ($157.6M vs. $151.8M y/y). Receivables, as a percentage of current assets, decreased from 33.14% to 18% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

7. Teledyne Technologies Inc. (TDY): Provides electronic components, instruments, and communications products in U. Market cap at $2.28B, most recent closing price at $62.0. The stock is trading 0.74% above its 20-day moving average, 1.60% above its 50-day MA, and 5.86% above its 200-day MA. Revenue grew by 5.53% during the most recent quarter ($494M vs. $468.1M y/y). Accounts receivable fell by 2.86% during the same time period ($292.5M vs. $301.1M y/y). Receivables, as a percentage of current assets, decreased from 43.63% to 43.38% during the most recent quarter (comparing 13 weeks ending 2012-04-01 to 13 weeks ending 2011-04-03).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 7 Rallying Industrial Goods Stocks With Strong Receivable Trends