DHI Group (DHX) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks...
There are several stocks that passed through the screen and DHI Group (DHX) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. DHX is quite a good fit in this regard, gaining 26.3% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 10.3% over the past four weeks ensures that the trend is still in place for the stock of this provider of websites and career fairs for professionals.
Moreover, DHX is currently trading at 100% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
So, the price trend in DHX may not reverse anytime soon.
In addition to DHX, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.