The Outperformers

JC Parets
November 12, 2022

The Outperformers.

The Outperformers is our custom-made scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for significant moves.

The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.

Here is the list of The Outperformers that we sorted by way of relative strength. These stocks have been selected on the basis of inter-, and intra- sectoral performances. So while these belong to the sectors that outperform the market, these stocks outperform their peers within the same sector.

Click on the chart to enlarge the view

In our last post, we looked at TVS Motors.

Today we're looking at the stock of an outperforming Private Bank. Federal Bank had a multi-year big base breakout above October 2017 highs. It has continued to outperform the financial sector and the broader market.

Currently, the price has broken above the resistance at 128 with momentum in bullish overbought territory.

We're positive with 128 as the risk management level and target near 184.

This bottom-up scan helps us identify the stocks that are on the move as sectors continue to shuffle between strength and weakness.

Thanks for reading and please let us know if you have any questions.

Allstarcharts Team

Filed Under