“In the stock game, winning means reaching a higher price.” However, striking the right chord each time needs a fair amount of luck.

No matter how disciplined and systematic investors are, equity market volatility will always manage to get the better of them. While a few lucky ones rake in the moolah, others fall victim to ad hoc strategies.

One could resort to commonly used techniques to find beaten down stocks that have the potential to recover faster than others. However, even such investment choices bear the risk of disappointment. Particularly, one could fall into the value trap if the hidden weaknesses in selected stock are not identified.

So, wouldn’t it be a safer strategy to look for stocks that are winners currently and have the potential to gain further?

Sounds a good idea? Here is how to execute it:

One should primarily target stocks that have recently been on a bull run. Actually, stocks seeing price strength recently have a high chance of carrying the momentum forward.

If a stock is continuously witnessing an uptrend, there must be a solid reason or else it would have probably crashed. So, looking at stocks that are capable of beating the benchmark that they have set for themselves seems rational.

However, recent price strength alone cannot create the magic. Therefore, you need to set other relevant parameters to create a successful investment strategy.

Here’s how you should create the screen to shortlist the current as well as the potential winners.

Screening Parameters:

Percentage Change in Price (4 Weeks) greater than zero: This criterion shows that the stock has moved higher in the last four weeks.

Percentage Change Price (12 Weeks) greater than 10: This indicates that the stock has seen momentum over the last three months. This lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in a very short period.

Zacks Rank 1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance.

Average Broker Rating 1: This indicates that brokers are also highly hopeful about the stock’s future performance.

Current Price greater than 5: The stocks must all be trading at a minimum of $5.

Current Price/ 52-Week High-Low Range more than 85%: This criterion filters stocks that are trading near their respective 52-week highs. It indicates that these are strong enough in terms of price.

Here are six of the 10 stocks that made it through this screen:

DMC Global Inc. (BOOM - Free Report) is a technology company. Its operating sector consists of industrial infrastructure and oilfield products and services. The stock has surpassed the Zacks Consensus Estimate thrice while matching the same on one occasion. It has delivered an average positive earnings surprise of 69%.

Keysight Technologies, Inc. (KEYS - Free Report) is an applied technology company that provides electronic measurement solutions to the communications and electronics industries. The stock has surpassed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 13%.

Pegasystems Inc. (PEGA - Free Report) is one of the leading providers of customer relationship management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Last quarter, it delivered a positive earnings surprise of 80%.

PRGX Global, Inc. (PRGX - Free Report), formerly PRG-Schultz International, Inc., provides audit, analytics, and advisory services in order to improve client financial performance. The stock came up with a positive earnings surprise of 35.7% last quarter.

Renewable Energy Group, Inc. (REGI - Free Report) produces and sells biofuels and renewable chemicals in the U.S.

Bluegreen Vacations Corporation (BXG - Free Report) is a vacation ownership company. It markets, sells and manages timeshare resorts, urban destinations, clubs and residential lands.