High momentum stocks to keep an eye on 10-March-2023
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.
National Fertilizers Limited: The stock has surged over 6% on Friday and is up for fourth consecutive day. The volumes have been above-average this week and show renewed buying interest. It currently trades at prior pivot and is extremely bullish in short erm. The technical parameters indicate strong strength, and the stock is expected to trade higher in the next trading session.
Nahar Poly Films: After a steep correction of about 50% from its recent high, the stock has seen fresh gush of inflows from the market participants as it soared over 15% on Friday. The volume has risen multifold and greater than 50-day average volume. With this, it has crossed above its swing high and currently trades at the day’s high. With such positivity, it is expected to scale further highs in near future.
Sterling and Wilson Renewable Energy: The scrip has registered a breakout from its 12-week cup pattern with good volumes. It has soared over 10% this week and momentum is very strong. The short-term moving average is about to cross the long-term moving average, and shows a bullish reversal possibility. The stock trades at the day’s high, and we expect it to open gap-up in the next trading session given such positivity.
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