The momentum stocks continue to show good action. Many are setting up well for breakout. In fact if you look at top 200 or so momentum ranked stocks you would see around 50 to 70 of them are under going orderly pullback and are consolidating in narrow range.
The underlying setups in market so far hints at possible more upside for the market once the indexes breakout above recent high.
RVLT is one of the example of that kind of setup. Stock has been in momentum phase since third week of January. Along the way it had couple of consolidations and pullbacks and now has been consolidating for 4 weeks near its high. If it continues to hold its gain, it will be a buy on breakout.
Top 50 stocks by momentum
The underlying setups in market so far hints at possible more upside for the market once the indexes breakout above recent high.
RVLT is one of the example of that kind of setup. Stock has been in momentum phase since third week of January. Along the way it had couple of consolidations and pullbacks and now has been consolidating for 4 weeks near its high. If it continues to hold its gain, it will be a buy on breakout.
Top 50 stocks by momentum
- vrml
- yrcw
- plug
- vnda
- tsla
- scty
- csiq
- clnt
- htch
- husa
- mnkd
- bldp
- zlc
- hsol
- insm
- nsph
- aegr
- jaso
- clsn
- tmus
- sune
- noah
- mvis
- ostk
- rvlt
- gig
- unis
- rsol
- iqnt
- acrx
- hygs
- dang
- wbsn
- bont
- stp
- abfs
- esi
- yy
- llen
- clvs
- wtsl
- fdml
- spwr
- biod
- immu
- nvtl
- lpth
- fslr
- fcel
- smrt
The Top 200 stocks by momentum are good stocks to focus on for swing trading. Most of them exhibit momentum bursts that last 3 to 5 days and are of 8 to 40% magnitude. Such momentum bursts are signaled by range expansion after a period of pullback/consolidation.
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