We began to monitor the new screening tool on InvestorsObserver a few months ago, and each week have been picking five of the top ranked stocks for a closer look. Each week we seem to find some high-quality stocks in the list, and this week is no exception.
What originally attracted us to the Stock Score Report was that it took into consideration both technical and fundamental data in ranking the stocks in the overall universe. Combining both approaches yields a ranking system that highlights not only those stocks that have been strong performers in the recent past, but also posses the qualities needed for shares to build on their recent gains.
As to be expected, tech stocks tend to dominate the top of the rankings, as the tech sector has been incredibly strong over the last year, but there are plenty non-tech stocks in the top ranks to allow for a very diversified group of stocks each and every week.
This week we once again have a nice list of names, diversified over several sectors that are worth consideration.
Keep reading to find out which five stocks made the list this week!