Momentum Stocks (RSL)

I got stimulated by the Swiss magazine Stocks, which has in each issue one page with a list of the best Swiss momentum stocks. They measure momentum by the RSL indicator. RSL stands for Relative Strengh by Levy.

It is easily calculated:

RSL = (last closing price / 15 month moving average) * 100

So e.g. if a stock's closing price is 20 % above its 15 month moving average, then its RSL value is 120.

Now you can see the list of Swiss momentum stocks updated daily on stockscreener.info. In addition, there is a momentum list for indices, the world, USA, the Euro zone, Great Britain, France, and Germany.