A weekend look at companies hitting new highs, have more than 25% estimated earnings growth over the next year and the next 5 years, has a positive forward P/E ratio, and a current ratio greater than one. Companies that fit this description are very appealing to investors looking to increase the value of their portfolios. While high earnings estimates can go undetected for extended periods of time, once they're recognized they're usually the reason traders push shares into new high territory. This often occurs for an extended period creating opportunities for swing traders. (Source) |