Recent recovery attempt from range bottom came under pressure. Market opened weak and a brief rally attempt faltered. We are stuck in large range for months.
But for individual traders setups is what matter and that is the focus area for momentum traders.
Stockbee50 list can provide candidates on the long side as well as on the short side. The stocks that have gone up a lot or are extended can offer short opportunity if they breakdown.
Today’s top 5 Biggest Winners from Stockbee50 list were ADXS(20.05%), BEBE(12.69%), ZIOP(11.38%), RDUS(8.45%), EDAP(8.04%)Today’s top 5 Biggest Losers from Stockbee50 list were MEA(-16.88%), MTL(-4.44%), FRO(-4.29%), AMAG(-3.86%), CRIS(-3.61%)