Post-Selloff RS Screen | LITE, FORM, GLW, MTSI, ALGM, ENPH, CIEN

A simple screen to identify names showing immediate relative strength after the sell-off (link below):

Strongest 1-Mth RS% (Sorted)

$Lumentum(LITE)$ — Communications & Networking

$FormFactor(FORM)$ — Semiconductors & Semiconductor Equipment

$Corning(GLW)$ — Electronic Equipment & Parts

$MACOM Technology Solutions Holdings, Inc.(MTSI)$ — Semiconductors & Semiconductor Equipment

$Allegro MicroSystems, Inc.(ALGM)$ — Semiconductors & Semiconductor Equipment

$Frontier Group Holdings, Inc.(ULCC)$ — Passenger Transportation Services

$Viavi Solutions(VIAV)$ — Communications & Networking

$RXO INC(RXO)$ — Freight & Logistics Services

$GE Vernova Inc.(GEV)$ — Electrical Utilities & IPPs

$Chemours(CC)$ — Chemicals

$Enphase Energy(ENPH)$ — Renewable Energy

$Teradyne(TER)$ — Semiconductors & Semiconductor Equipment

$Ciena(CIEN)$ — Communications & Networking

$Semtech(SMTC)$ — Semiconductors & Semiconductor Equipment

$SanDisk Corp.(SNDK)$ — Computers, Phones & Household Electronics

$Vishay Intertechnology(VSH)$ — Semiconductors & Semiconductor Equipment

$Olin(OLN)$ — Chemicals

$Nextpower(NXT)$ — Renewable Energy

When $SPDR S&P 500 ETF Trust(SPY)$ and $Invesco QQQ(QQQ)$ are closing below their 10, 20, and 50-day moving averages, one effective approach is to simply screen for stocks that are still closing above their 10, 20, and 50-day MAs.

It keeps things simple when building a watchlist of relative strength names after this week's sell off, before you dive deeper into identifying asymmetric risk–reward opportunities going forward.