High momentum stocks to keep an eye on 25-May-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.
Affle India: The scrip has jumped 3% on Thursday and is up for second consecutive day. Volumes recorded during this period were above average and greater than 30-day average volume. With this, the stock trades above its key short-term moving averages. It is expected to open positively in the next trading session given the bullishness.
TD Power Systems: The stock has broken out from its consolidation pattern as it soared 2% during Thursday’s trading session. The technical breakout is backed rising volume which shows good buying interest. All of the moving averages are in an uptrend and the stock has marked a fresh lifetime high. It is expected to see a further upside in times to come.
AMI Organics: The stock is in strong uptrend for near term. On Thursday, it has surged 3% and trades at 52-week high levels. The technical oscillators show rising trend 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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