Market had a little bit of pullback yesterday. Some of the high flying momentum stocks like TSLA had big reversals. But many were holding up well. Momentum leadership continuously changes and new stocks take on leadership.
For swing traders the following 10 stocks are from the 700 momentum stock universe based on anchored momentum. They are forming continuation setups. CLVS is my number one focus stock for possible breakout.
Top 10 swing trading setups
clvs
wtsl
gy
svu
mini
moh
ntes
ROL
mdci
Swing trading on momentum stocks involves looking for low risk opportunities. All the above stocks have established momentum and are at various stages of consolidation.
ROL is another one setting up well.
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