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Ambarella, Jazz Among Stocks Outpacing Record Market

The “Santa Claus rally” has sent stocks to new heights, but Zeltiq Aesthetics (ZLTQ), Ambarella (AMBA), WuXi Pharmatech (WX) and Jazz Pharmaceuticals (JAZZ) are outperforming the record-setting market. IBD’s Bolting Relative Strength Lines Screen of the Day ranks stocks based on their RS line, which measures a stock’s performance vs. the benchmark S&P 500. When the RS line hits a new high ahead of the stock, that suggests technical strength.

SouFun, Zeltiq Lead IBD’s Top 5 With Bolting RS Lines

Chinese real estate website operator SouFun (SFUN) leads the top five list of stocks that are widely outpacing the broader market, helped by its expansion into financial services. The other companies making the list are all medical: Lannett Co. (LCI), Zeltiq Aesthetics (ZLTQ), WuXi Pharmatech (WX) and Jazz Pharmaceuticals (JAZZ). Today’s IBD Screen Of The Day is Bolting Relative Strength Lines, sorted by RS Rating. Relative Strength measures a