A Screen For Relative Strength, and a Trade Idea

$Z

While I’m not convinced we’re out in the clear following the events in the market from last week, I am running screens to understand which stocks acted best during the volatility of last week. Here’s one simple screen -

https://www.barchart.com/shared-screener/1927?uid=66ba02e30d0af

One name that caught my eye was Z 0.00%↑

The company reported earnings last week, and gapped up and held some interesting points of interest -

The stock is now up through its 200 day moving average, anchored vwap from its 52 week high (February), and anchored vwap from a notably high volume sell-off day in March of this year.

These levels provide good risk management points to the downside, balanced against an upside target of that 52 week high (1.75x reward/risk), and an even higher level of interest at the unfilled gap that begins around $76 (over 5x reward/risk).