High momentum stocks to watch for July 07!
Looking for stocks that could deliver good returns by July 07? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.
Market participants often see a stock opening with a gap-up and wish they had 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 July 07 -
CCL Products: The stock has soared by 6% today. It witnessed strong buying interest as it crossed above its prior swing high of Rs 395 level. Also, it surged past the 200-DMA level of Rs 400. Moreover, today’s volume is found to be greater than the 10-day, 30-day and 50-day average volume. With such positivity, the stock is expected to be trading higher tomorrow as well.
Ceat Limited: The stock surged over 5% on Wednesday. It witnessed a good-V-shape recovery in the past few days and has jumped over 15% since its prior swing low. Interestingly, the volume has been high recently, which demonstrates larger participation. With the stock already trading at the day’s high, we expect it to open a gap-up tomorrow.
Godrej Consumer Products: The stock jumped about 5% in Wednesday’s trading session. It has been undergoing extreme bullishness in the past four trading sessions, having gained about 17% during this period. Also, the volume has risen for the fourth consecutive trading session, which indicates increasing activity in the stock. It is above all the key moving averages and is expected to remain positive in the next trading session
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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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