Over the last couple of months, we have been keeping an eye on the new ranking system developed by research firm InvestorsObserver. The firm has built a system that ranks stocks based on a combination of technical and fundamental data, which creates a good ranking system for investors interested in both.
Last week we looked back at some of the previous stocks we highlighted, all of which had enjoyed strong gains since they ranked high in the Stock Score Report ranking system.
As we have discussed in previous articles, combining technical and fundamental data in a ranking system is a good way to screen for stocks that have not only performed strongly in the recent past, but also have a good chance of building on those recent gains moving forward.
This week’s list is slightly different from our previous group of stocks. One stock we have already looked at in the past, and one stock is a brand new company, and as a result the fundamental data is not available to use in the ranking system. The stock, Riot Blockchain, is new and the technical data is incredibly strong, but it is lacking the fundamental data. We decided to go ahead and include RIOT in our list despite the missing fundamental data due to the recent technical strength.
Let’s take a closer look at this week’s five stocks, and dig a little deeper to judge whether or not the stocks have the potential to build on recent gains.