NLS is the kind of setup I like to look for and trade . The stocks had high volume breakout yesterday and showed up in momentum burst scans.
The fundamental nature of swing moves in market never change. Market moves in short term impulse moves of 8 to 40% magnitude. One very good thing about these sharp moves is that they happen in just 3 to 5 days time frame.
From an active swing trader point of view these kind of moves offer you ton of opportunities in a year while keeping your risk per trade very low. Catching several hundred such momentum bursts is a strategy which I use. These kind of swing trades are easy to find and trade in bull market.
NLS, LNKD, NTES HAR LMT RSG were some of the good setup showing this kind of momentum breakout yesterday.