SNIC: Sonic Solutions
It made a approximately 19% move yesterday.
Now if you go back and see my last 3-5 post, I have had this stock in the momentum list. Couple of days ago I also highlighted it as a pullback to watch.
Today morning it started moving and because I was watching it, I entered and rode the trend for rest of the day.
The momentum list gives you a continuous stream of stocks like this for swing trading.
It allows you to anticipate stocks likely to breakout.
Momentum stocks tend to have explosive moves.
Does every breakout works as well as SNIC , no, but if you manage your risk well, it does not matter. Losing trades are part of the swing trading game.
As long as you have more winners than losers and more profit on winners than on losers, it is fine.
So here is the top momentum stock list for today:
Out of this I already have a open position in some.
The stocks I would be watching out of the list for possible breakout today are:
If you understand how momentum in the market works, you will find steady stream of swing trading candidates that make explosive moves in short time frame.