High momentum stocks to watch for on October 14
Looking for stocks that could deliver good returns by October 14? 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 for October 14.
Cochin Shipyard: The stock continued it bullish run on Thursday and has soared over 4%. In the past two days, it has jumped over 8% amid strong buying interest, as evident from the rising volume. It approaches its 52-week high level and looks bullish on the daily technical chart. The technical parameters indicate strong buying sentiment in the stock, and it is likely to trend higher in the next trading session.
Fine Organics: The scrip has registered a strong price volume breakout from its consolidation pattern and has jumped 3% during Thursday’s trading session. Moreover, above average volume was recorded today, which is greater than 10-day average volume. The stock has risen above its 20-DMA and is expected to remain bullish in next trading session.
Rajesh Exports: The shares are in strong uptrend, having surged over 9% in the past 3 trading sessions. With this, the stock is now above all its key moving averages. The massive volumes recorded lately indicate strong buying activity at lower levels. With the stock already trading at day’s high, we can expect a gap-up opening in 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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