High momentum stocks to keep an eye on!
Looking for stocks that could deliver good returns soon? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.
Many participants see a stock opening with a gap-up and wish they should have bought this high momentum stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable high momentum stocks for tomorrow.
The high momentum stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters, it would flash in our system and as a result, it would help traders to spot the high momentum stocks for tomorrow at the right time!
Here are the high momentum stocks to keep an eye on.
Sumitomo Chemicals: The stock registered a breakout from its double-bottom formation with above-average volume. It jumped over 11% and currently trades above all its key moving averages. It has formed a sizable bullish candle on the technical chart and is expected to trend higher in times to come.
Sonata Software: The scrip trades at the breakout level of its 70-week cup pattern. The volume recorded has been the highest in many days. It has marked a fresh 52-week high level and technical parameters indicate strong strength in the stock. With the stock showing no signs to halt, it is expected to open positively in the next trading session.
Cera Sanitaryware: The stock currently trades at its 70-week high level. The volumes have been good lately and suggest strong buying activity. On smaller timeframes, it has broken out from its consolidation pattern. The stock trades at the day’s high, and we expect it to open gap-up in the next trading session given such positivity.
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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