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Stoxxtip.com

Stock Picks - Expert Consultants - Stoxxtip.com

Stoxxtip.com delivers easy-to-use guidance in global stock selection for investors who wish to generate above-average returns on their portfolio.

Stoxxtip Stock Scanning Module

The Stoxxtip stock scanning module delivers an easy-to-use guidance in global stock selection for investors who wish to generate above-average returns on their portfolio.

The Stoxxtip market scanning module covers four major stocks markets and selects index constituent companies which have delivered the highest performance over the past 40 weeks. The Stoxxtip weekly updated stock scan list is a portfolio of 40 well capitalized stocks based on performance momentum selected by Tim Straiton (Research Director at Stoxxtip.com). The Stoxxtip scan filter will show you the stocks to buy with the highest probability of upside potential.

Realize your investment goals with the Stoxxtip stock scanning module

The Stoxxtip Stock Scanning Concept

The Stoxxtip stock scanning module is based on momentum trading over an extended time frame according to the following formula:

P= M - Mx

where:
M= the latest closing price
Mx= the closing price x periods ago

Momentum Trading

Bullish momentum trading is a strategy which scans for stocks exhibiting a long term continued upward trend. In order that this strategy can result in satisfactory results, constant monitoring of the price development is required and strict stop loss levels must be adhered to. Factors such as position sizing and the calculation of maximum risk levels are of utmost importance. Use our position sizing calculator to manage open position risk. Whilst the purchase of high performing stocks over the long term can result in outstanding profits, it should be remembered that many stocks in certain circumstances can rise to considerably higher levels than fundamentals might predict. This fact underlines the importance of strict risk management.

Stoxxtip Stock Scanning Results S&P 500 - published 1st April 2023

Stock	Symbol	Price 1st April 2023	Price 1st July 2023	Gain	% Gain
General Electric	GE	$93.60	$109.85	$16.25	17.36
Netflix	NFLX	$339.33	$440.49	$101.16	29.81
Wynn Resorts	WYNN	$109.12	$105.61	-3.51	-3.22
Nvidia Corp.	NVDA	$270.37	$423.02	152.65	56.46
Royal Caribbean	RCL	$61.28	$103.74	$42.46	69.29
Arista Networks	ANET	$159.85	$162.06	$2.21	1.38
Las Vegas Sands	LVS	$57.01	$58.00	$0.99	1.74
On Semiconductors	ON	$75.34	$94.58	$19.24	25.54
HCA Healthcare	HCA	$270.59	$303.48	$32.89	12.15
Marathon Petrol	MPC	$128.68	$116.60	-$12.08	-9.39

Technical Review

Is Paypal your pal?

2024-03-30 by Tim Straiton

After a long consolidation process, Paypal (PYPL) has now completed a golden cross formation and also made the third highest weekly close since September 2023 at $67. The 200 day moving average, now at $61.56, has started to rise. These factors suggest that further upside is on the cards.

The 14 day relative strength index is currently in overbought territory at 72% and may well provoke some short-term profit taking toward the 200 day moving average at $61.50 level, however as long as rising trendline support at $59 holds, one can assume that this stock can be traded from the long side.

Fibonacci retracement levels encasing the entire $299.79 to $52.04 range seen since July 2021 would set the initial upside 23.6% target level at $105.06.

Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

Using MetaStock XENITH

Jeff Gibby overviews MetaStock XENITH, The ultimate real-time market news and analytics platform for the private trader.

A Stocks Site Worth Visiting

Morningstar

Stock, Mutual Fund, Bond and ETF Investment Research

http://www.morningstar.com/

Chart Patterns

Rising Wedge

A rising wedge which is a reversal pattern, is formed by higher highs and higher lows. It is a bearish formation and requires a prior upward trend from which to make a reversal.