1/29/2013

Many top momentum stock extended

Momentum stocks are the stocks leading the market advance. Momentum stocks tend to move in momentum bursts of few days to week. After that they tend to pullback or go sideays and then make another move.
Swing traders focus on momentum stocks for their explosive moves. A momentum stock can sometime make a 20 to 50% move in few days. Recent example of that is ENOC , in just 4 days it went up over 39% from 11.50 to around 16.


Swing traders monitor  the top 100 or 200 stocks by six month momentum. Such stocks offer good swing trading candidates. What you have to look for in the list is stocks undergoing orderly range contraction. Those stocks are potential candidates for breakouts.

The following 50 stocks are currently top ranked by 6 month momentum. Most of them are extended on a 5 to 10 day time frame. But some like OCN and GNRC are possibly setting up for swing breakouts.

Top 50 Stocks by 6 month momentum


ACAD
AEGR
AHS
ALJ
AMRI
APOG
BCEI
BDBD
BGFV
BRP
CBK
CLWR
CRAY
CSU
CVI
CYMI
DGI
ENOC
EXP
GNRC
HW
INFI
KBH
KKD
LL
LPX
LYG
MHO
MWA
NLS
OCN
ODP
OMX
PCYC
PHM
QIHU
RDN
RYL
S
SFUN
SGMO
SNFCA
SNTA
SNTS
STC
SYRG
THC
TVL
USG
WGO
YMI
ZQK

1 comment:

RoBear said...

Thank you for bringing to my attention YPF. I caught the 16 break. Never would have been in this stock without your Blog. Hope you are still in it. Again thanks,
Robear