The concepts of “relative strength” and “momentum” can help find stocks that are trending up.
(Photo: imago/Ikon Images)
Dusseldorf The German stock market has lost the momentum of the past few weeks – the rally, which recently led to a series of highs for the year in the leading index Dax, paused on Thursday. Portfolio manager Thomas Altmann from asset manager QC Partners comments: “The impulses from the reporting season are currently not sufficient to carry the Dax further up.”
With the reporting season now starting, the question arises for investors as to how sustainable the upward trend is. Two key figures can provide orientation for the individual stocks. The “relative strength” and “momentum” developed by the American Robert A. Levy.
Both concepts can be combined in order to filter out stocks that, measured against this, show a particularly stable upward trend. The analysts at HSBC Germany did exactly that for all 40 Dax values. Three stocks stand out positively.
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