Over the last couple of months we have been paying close attention to the top ranked stocks on the new Stock Score Report ranking system over on InvestorsObserver.
The new tool caught our attention because it combines both technical and fundamental data when ranking the overall stock universe. Combing both approaches to stock research, stocks that achieve a high overall ranking are very attractive because you can assume there is a good reason why the technicals have been so strong, and the solid underlying fundamentals support the assumption that shares are likely to remain strong and possibly build on its recent gains.
The stocks in this week’s group are pretty diversified, so you could make the argument that all are viable buy candidates.
When screening the list of stocks in the ranking system, we like to seek out stocks with strong overall rankings, and then take a closer look at the stock’s current valuation and forecast growth rates to determine which stocks have the greatest potential to build on their recent gains.
Let’s take a look at the top five stocks that we like from the current rankings.