Recent star performers

We continue our look at recent winners in the market, following on from research that indicates a ‘momentum’ strategy can yield positive results.

At first glance, last week wasn’t a good one in which to start a momentum trading strategy; research indicates that buying the five shares from the FTSE 350 that returned the largest percentage amount during 21-28 March would have returned 5%. However, buying the winners of the week during 28 March to 4 April would have returned -2.5%. As a reminder the winners from that week were:

- Oxford Instruments – up 14.2%
- Intermediate Capital Group – 12.4%
- Aberdeen Asset Management– 11.71%
- Evraz – up 10.9%
- Amec – up 10.8%

These five almost all faltered last week, with only Evraz rising 1.8%. This is a useful reminder that no strategy will always be successful. However, I intend to keep this strategy running to see what lessons, if any, can be gained.

For the week ahead, we’ll keep an eye on the top five winners from the week 4 April to 11 April. These are:

- Tullett Prebon – up 9.2%
- Lancashire Holdings – up 7.1%
- Standard Chartered – up 4.6%
- Unilever – up 3.8%
- Tullow Oil – up 3.4%

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.