This is the final tranche momentum analysis for stocks today. This nine stock portfolio was suggested by one of the co-authors of the TLH Spreadsheet.
Tranche Momentum Recommendations: The two stocks to sell out of the portfolio are NVO and TSS as both are under-performing SHY. However, there is something interesting going on with the price of NVO. Take a look at the Absolute Acceleration (AA) column and you see where it has a respectable 20.3% value. What this is telling us is that the price per day, when normalized, is growing faster over the most recent 60 trading days compared to the most recent 100 trading days. Recent performance is also indicated by positive H-A candles. If I were currently holding NVO, I would over rule the basic sell signal and hold on to the stock until the next review period. I don’t see these same signals with TSS so I would sell that stock.
Now for the buy or add more shares recommendations. Check out WYN. Here we see a poor AA percentage, but it has a high Group rank and positive H-A candles. Also, WYN ranks number 3 based on absolute momentum performance. This is the single buy for this review. PYPL and SYMC are definitely HOLD candidates.