High momentum stocks to keep an eye on 19-APRIL-2023

High momentum stocks to keep an eye on 19-APRIL-2023

by Tanushree Jaiswal Last Updated: Sep 07, 2023 - 05:09 pm 694 Views
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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

Honda Power Products Ltd: The scrip has jumped nearly 12% amidst strong buying activity. The volume recorded on Wednesday has been massive and greater than 30-day average volume. Interestingly, the stock trades above its prior swing highs, and has formed a bullish bar on the daily chart. Considering such technical setup, It is expected to open with a gap-up in the next trading session.

KPI Green Energy: The stock has witnessed a one-way upmove, having surged over 25% from its recent swing low in about 2 weeks. It currently trades near its 52-week high levels and shows strong upside potential. Moreover, the rise in volumes indicates a positive bias towards this stock. It is expected to see a further upside given such strong momentum.

Texmo Pipe and Products: The stock has jumped by a massive 18% on Wednesday and has recorded the largest volumes since the last whole year. With this, it trades above all its key moving averages. The technical parameters indicate a sharp rise in technical strength, and a strong surge in volume justifies upside momentum. It is expected to attract traders in the next trading session.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.

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