As market is having follow through on Friday's move, some momentum stocks are showing good breakouts.
Stocks with established momentum that were consolidating during the market correction is what I am focused on. You will see number of them starting to breakout in last 2 to 3 days. If the rally has legs , the breakouts will proliferate. At this stage risk is still comparatively high so smaller size positions are better , at sign of more aggressive buying position size can be quickly stepped up.
UVE , BRSS, LGIH are some of the buy ideas showing p in the momentum scans today as of now.
Stocks with established momentum that were consolidating during the market correction is what I am focused on. You will see number of them starting to breakout in last 2 to 3 days. If the rally has legs , the breakouts will proliferate. At this stage risk is still comparatively high so smaller size positions are better , at sign of more aggressive buying position size can be quickly stepped up.
UVE , BRSS, LGIH are some of the buy ideas showing p in the momentum scans today as of now.
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