Corrections lead to change in market leadership. Some stocks drop out of the list as they start losing momentum. New stocks start taking over their place.
So far in this correction stocks like CBK, VIPS, GPRE, and EAC have lost a lot from the top 50 stocks with momentum.
Rest of the stocks have held up very well and in many cases you will see orderly pullbacks.
Top 50 stocks by one year anchored momentum
So far in this correction stocks like CBK, VIPS, GPRE, and EAC have lost a lot from the top 50 stocks with momentum.
Rest of the stocks have held up very well and in many cases you will see orderly pullbacks.
Top 50 stocks by one year anchored momentum
- RVLT
- ACAD
- SPRT
- MTG
- CLWR
- ECTY
- CLVS
- NSXT
- CHCI
- RSOL
- CBK
- VIPS
- EVC
- GTN
- TVL
- SPWR
- AMRI
- AEGR
- SUNE
- KERX
- YRCW
- CSIQ
- GMCR
- SNTS
- RDN
- INSM
- OSTK
- HTCH
- NFLX
- TMUS
- TSLA
- ACRX
- ISIS
- TEAR
- JKS
- GST
- OWW
- XRM
- CYTK
- IDRA
- MNKD
- SVU
- POWR
- ENPH
- ZLC
- GPRE
- NLS
- EAC
- CONN
- CUR
Anchored momentum is better during corrections to find stock that hold up well.
3 comments:
What is "anchored momentum?"
What is "anchored momentum?"
It is momentum calculated from a anchored price as against moving average. There are many ways to rank stocks by momentum and each has ts advantages and disadvantages.
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