Momentum feeds on itself. Catalysts like mergers, new products, earnings etc have more exaggerated effect during such times. Breakouts during normal sedate times are easier to buy and react to. In the market we are currently witnessing, risk of missing, short covering and bewilderment is pushing some stocks wildly.
Not everything breaking out currently has legs but there are number of recent breakouts which have very high probability of continuing post a correction. Stocks not having reacted to earning for few months are now breaking out and have god probability of continuing the move till the P catches with the E.
Here is what I have on my watchlist or positions in.
AAI,Airtran Hldg
AOB,American Oriental Bioengineering Inc
BDK,Black & Decker Corp
DAKT,Daktronics Inc
ESE,Esco Technologies Inc
GMTN,Gander Mountain Co
GOOG,Google
GRRF,China Grentech Corp Limited ADS
INWK,Innerworkings Inc
LCC,US Airways Group Inc
NVAX,Novavax Inc
SVM,Servicemaster Co The
TRMS,Trimeris Inc
VNDA,Vanda Pharmaceuticals Inc
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