In this week's edition of Chartwise Women, Erin and Mary Ellen show how you can find the best performers in the market using Relative Strength and the StockCharts Technical Rank (SCTR). Erin educates us on what "price relative" is and how to include it on your charts, visualizing how a stock is performing against its industry and the market overall. Mary Ellen discusses the SCTR and its power to uncover stocks with both relative and internal strength. After demonstrating how to use relative strength analysis, the two share their favorite outperforming stock symbols for your consideration.
This video was originally recorded on February 25th, 2021. Click on the image above to watch on our dedicated Chartwise Women page, or click this link to watch on YouTube.
New episodes of Chartwise Women air on Thursdays at 5pm ET on StockCharts TV. Archived episodes of the show are available at this link.
About the author:Erin Swenlin is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California.
About the author:Mary Ellen McGonagle is a professional investing consultant and the president of MEM Investment Research. After eight years of working on Wall Street, Ms. McGonagle left to become a skilled stock analyst, working with William O’Neill in identifying healthy stocks with potential to take off. She has worked with clients that span the globe, including big names like Fidelity Asset Management, Morgan Stanley, Merrill Lynch and Oppenheimer.