AAII’s version of the momentum strategy for selecting stocks
established by Richard Driehaus was up 23.2% in 2013 through May 31—and up in
average annual total return by double digits in the last 10, 5, and 3 years. He
is among Barron’s list of 25 top money managers in the last 25 years.
The 16 stocks that passed the Driehaus screening
criteria are headed by NWY (New York & Company, Inc.)
My
5-year Yahoo price-performance chart shows a sideways (read whipsawing)
path for NWY since the 2009 market low point for the stock market.
My 3-month
chart shows an encouraging up trend since mid-April 2013. Momentum
investors, take note.
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