Often, during times of market weakness, there will be stocks that for whatever the reason, don't seem to succumb to selling pressure. While it is often tempting for traders to flock to stocks that have been hit hard during a correction in search of "value", it is often better to stick with the stocks that refused to drop when everything else was being sold. When a stock holds up during a correction, it is often a sign of institutional demand, as it shows a willingness by the big money to support the issue. While it seems a little counterintuitive to seek out stocks that may appear to be overvalued, the reason they are overvalued is because they are in high demand.

IN PICTURES: Eight Ways To Survive A Market Downturn

Amazon.com, Inc. (Public, Nasdaq:AMZN) is one such stock. There are many arguments that can be made for either side of this trade, but the bottom line is that AMZN is trading at all-time highs during one of the sharpest bear markets on record. It recently gapped over its entire base on huge volume, and has refused to give up even a portion of this gap. This shows an unwillingness by institutions to take profits, and bodes well for AMZN moving forward.

Source: StockCharts.com

Netflix, Inc. (Nasdaq:NFLX) is another stock that has recently been showing good relative strength. NFLX is also trading at all-ime highs, although with its 2002 IPO, it's a more recent issue than AMZN. NFLX had been building a base over the past few months at what were then all time highs, before a sharp rally in October. It is now trading in a bull flag, and held up well during last week's sell off. A move above $57.50 could signal a continuation of the breakout. (For further reading, check out The Anatomy Of Trading Breakouts)

Source: StockCharts.com

Tupperware Brands Corporation (NYSE:TUP) is another stock that has been showing great relative strength to the market. While it is not yet at all-time highs, it has been stair-stepping higher for several months. Notice in the chart below how it has been finding support on pullbacks to its rising 20-day moving average. It is currently back to its 20-day moving average, and could find support yet again.

Source: StockCharts.com

VistaPrintNV (Nasdaq:VPRT) is a little thinner in trading volume than the other stocks, but has also been showing good strength. It has been building a base above its prior base, and held up well through last week's market weakness. This is also a relatively new issue, with a 2006 IPO that is trading at fresh all-time highs. If VPRT can trade over $54, it could signal a breakout.

Source: StockCharts.com

Bottom Line
While the overall markets are still not out of the woods, these stocks have been showing good strength and remain in favorable positions. If the recent market weakness was simply a minor correction, then it's possible that these stocks will push through and continue higher. Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!

At the time of writing, Joey Fundora did not own shares in any of the companies mentioned in this article.

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