Stock Sundays - 11/15/2020

I’ve written an R program that uses Moving Average ratios weighted by Relative Strength Index to find large-cap stocks with strong momentum at optimal buying times. In a weekly blog series, I will give my program’s “pick of the week” in addition to its favorite stock from every other GICS sector. Each post after this one will update how the stocks have performed relative to indices, a strong indicator of success.

Pick of the week: Fedex (FDX)

My algorithm’s pick of the week is Fedex. An Industrials stock that has performed strongly during COVID and nearly tripled from its March lows, Fedex saw its 50 day moving average cross its 200 day moving average in July and hasn’t looked back. The last two weeks has seen a pullback of ~7% from all-time highs, opening a window of opportunity for prospective investors. Fedex’s RSI has fallen to 58 after three months in the “overbought” range above 70.

Information Technology: Nvidia Corporation (NVDA)

Health Care: PerkinElmer Inc (PKI)

Consumer Discretionary: L Brands Inc (LB)

Communication Services: Twitter Inc (TWTR)

Financials: Progressive Corp (PGR)

Consumer Staples: Church & Dwight Co, Inc (CHD)

Utilities: Public Services Enterprise Group Inc (PEG)

Real Estate: Prologis Inc (PLD)

Materials: The Mosaic Company (MOS)

Energy: Williams Companies Inc (WMB)

Disclaimer: We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Do not base any investment decision upon any material found on this website.