The underlying setups in momentum stocks

The momentum stocks operate in the context of overall market trend. But many of them go their own way. On a negative day like today at open, the one that buck the selling are something to keep an eye on.

Going through around 200 stocks ranked by momentum yesterday night, there were lot of them holding up very well. You will see stocks like nflx, oww, llen, nxst, rmbs, diod, imos, pcrx, ilmn, staa, mini, byd, wetf, glf and many others holding up well. Most of them are going sideways and potentially those kind of moves resolve in breakout.

Unless we see damage to underlying setups, the benefit of doubt is still to bullish side.

Top 25 stocks by momentum

las
clvs
vnda
plug
yrcw
csiq
mnkd
clsn
zlc
tsla
htch
lpth
aegr
eng
dang
bldp
husa
clnt
sune
mvis
nsph
hsol
tear
immu
insm

Focusing on momentum stocks keep you in the fastest moving stocks in the market. These are the stocks the market favors currently for whatever reason.

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