The Stockbee 50 is a list of fastest moving stocks in the market. These are stocks with above average momentum.
Stocks with good momentum keep going up. If you are serious about making money, it is a good idea to keep an eye on the stocks in the Stockbee 50 list.
Momentum ranking is relative and so stocks that gain momentum move up the rank and those that lose momentum drop off.
As stocks gain momentum they do not go straight up, they pullback or pause before heading higher. Swing traders find opportunities in these kind of zones. Because the momentum leaders move very fast compared to market catching part of the momentum swing can still be profitable.
There 27 new entries in the Stockbee 50 list this week. The new entries at some point will setup again. Once they are ready, they can be entered as an anticipation trade or as a breakout trade.
There are 27 that dropped from the list this week. It is also a good idea to keep an eye on these as well as they might setup again for a second leg up.
List of new entrants
List of stocks dropping rank
From the List of stocks that has dropped in momentum rankings RALY, ORMP, MOV, ARQL, KRFT, PAM are setting up for a possible second leg up.
The Stockbee 50 list is updated daily. If you want more trading opportunities then focusing on Top 200 ranked momentum stocks is even better.