Some momentum stocks breaking out | stockbee


Some momentum stocks breaking out

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.

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