Zacks.com Featured Highlights Include: Marriott, Grand Canyon, Daqo New, Progress Software And Stoneridge

For Immediate Release

Chicago, IL – March 7, 2018 - Stocks in this week’s article Marriott Vacations Worldwide (NYSE:VAC) , Grand Canyon Education, Inc. (NASDAQ:LOPE) , Daqo New Energy Corp. (NYSE:DQ) , Progress Software Corporation (NASDAQ:PRGS) andStoneridge, Inc. (NYSE:SRI) .

Buy Top 5 Momentum Stocks Using Driehaus Strategy

Investors who have higher risk-taking tendency can think of investing in momentum stocks that offer remarkable returns. In this respect, the Driehaus strategy is used to choose the best momentum stocks by using the “buy high and sell higher" principle. Success of this particular investment approach helped Richard Herman Driehaus earn a place in Barron’s All-Century Team.

The American Association of Individual Investors (AAII) proved that the strategy has the potential to offer high returns. AAII’s portfolio, which was developed following the strategy, returned 13.5% and 18.1% in the five- and 10-year time frames, respectively, compared with -1.1% and 4.2% gains registered by the S&P 500. Thus investors with a high risk appetite may opt for this strategy to boost their portfolio returns.

A Detailed Look into the Driehaus Strategy

Regarding the strategy, Driehaus once said: “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in a decline and try to guess when it will turn around.” In line with this insight, AAII took into account the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus’ philosophy.

It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.

Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/294532/buy-top-5-momentum-stocks-using-driehaus-strategy

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

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