7/18/2013

Top 50 stocks for July 18, 2013

The momentum stocks continue to hold heir gains. Chinese stocks have started gaining momentum in last couple of sessions. Momentum in biotech's is slowing down. Many breakouts are going back in to range post breakout.

Some speculative stocks have started to make big intraday move. When junk starts flying, it can be a problem for the rally.

Top 50 Ranked stocks:

These are the fastest rising stock in last one year ranked by their anchored momentum rank. Stocks with only 100k plus daily volume considered. 

rvlt
acad
srpt
mtg
vips
csiq
spwr
clvs
yrcw
jks
aegr
rsol
nxst
gtn
tvl
evc
sune
ecty
crmd
onvo
kerx
amri
snts
nflx
gst
kcg
adus
rdn
stp
tsla
cldx
ostk
gpre
htch
hsol
xrm
pgnx
gmcr
isis
enph
insm
leap
qihu
svu
mnkd
tmus
nls
cytk
cur
tear

One of the basic skills young traders need to learn is how to rank stocks by momentum. If you understand that you can create lots of momentum based trading methods. If you want to trade ETF you can rank them by momentum. 

If you look at stock lists like IBD50, IB D200, IBD 85/85 or Stocktwits 50 , they are all based on momentum. The key driver in these kind of ranking is stock momentum and sector momentum. All these lists give half or more of their weight to price momentum. If you understand how to calculate momentum, you can generate your own lists. 

Understanding momentum can help you in your 401k also. A momentum based method can help you select the best mutual funds during market turns. 

One time effort in learning about momentum will pay you dividend for lifetime. 
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