ACAD is number 3 ranked stock in Top 50 ranked stock by momentum. It was one of the highlighted stock for possible breakout for last couple of day. Stock had a breakout today and is up 8.7% as of now.
Stock shows all the character to look for in good momentum setup:
- Series of narrow range days pre breakout
- Orderly correction/pullback before breakout
- Negative or low range day prior to breakout day.
- Relative linearity in past move.
- High volume breakout