High momentum stocks to watch for Friday!
Looking for stocks that could deliver good returns till tomorrow? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.
Many times market 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 for tomorrow.
NLC India: The stock has soared over 5% today. It is undergoing strong bullish momentum and has gained over 20% in just four trading sessions. Moreover, it has crossed above its prior swing high of Rs 80. Above-average volumes have been witnessed lately and the stock is expected to continue its momentum tomorrow as well.
Apollo Tyres: The stock has surged over 4% in Thursday’s trading session. After a strong gap-up opening, it continued to trade higher and recorded huge volumes. Buying interest was seen at lower levels and is sharply reversed from its recent swing low. The stock is trading at a day’s high, and it is expected to continue the upside momentum tomorrow as well.
Eicher Motors: The stock has soared about 4% on Thursday. With this, it crossed above its short term resistance level of Rs 2550 with heavier volumes. Also, the volume recorded today is greater than the 10-day and 30-day average volume, thus indicating a strong buying interest among the market participants. It shows no signs of halting and is expected to trade higher tomorrow.
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