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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
