These are stocks whose Relative Strength Lines hit new
52-week highs before their prices have hit new highs sometime during the week.
Only those stocks that hadn't had a new price high in at least 5 weeks are presented.
Many times, stocks that exhibit this kind of behavior go on to continue
outperforming the market and break out to new highs in price. It is a good
confirming signal to see in stocks that are in the
Cups With Handle screen and
Ceiling Bumpers screen.
Stocks in this screen are sorted in descending order by the number of weeks it has
been since they had experienced a new high, so the stocks at the top of the table
are those that have been basing the longest. There may be some stocks at the
bottom of the table showing zero weeks, meaning that their RS Line
hit a new high one day this week and the price followed suit on a subsequent day
during the week.
See Early Risers table from several weeks ago.
EXPE's RS Line hit a new 52-week high in mid-April 2001 (as the market was just
starting to come up from a bottom) even though its price was still 23% below its
high. That ended up being a very prescient signal, as EXPE rocketed forth 184%
from that point over the next 3 months.
(As Of Apr11,2001)
Relative Strength Line hit new 52-week high
though price still 23% below its high
(As of Jul19,2001)
Volume exploded 2 days later and
it went on to gain 184% in 3 months