High momentum stocks to watch for on September 08

High momentum stocks to watch for on September 08

by 5paisa Research Team Last Updated: Dec 12, 2022 - 08:45 am 17k Views
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Looking for stocks that could deliver good returns by September 08? 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 September 08.

Wockhardt: The stock rose nearly 7% amid strong buying interest. It has surged above its prior swing high level and has also recorded rise in volume for 3 continuous trading sessions. The volumes are above average, and the stock is in strong upward momentum. It is likely to see positive opening in next trading session. 

JK Lakshmi Cement: After many days of consolidation, the stock has seen a strong price volume breakout as it soared 6%. It is above all its key moving averages, and volume turned out to be greater than 50-day average volume. It is above its prior swing high and is expected to trade positively in next trading session.

First Source Solution: The shares gained over 6% in Wednesday’s trading session. It has registered a breakout from its triangle pattern with huge volume. It has also crossed above its 100-DMA today. With above average volume and positive price action, the stock has higher chances to open positively in next trading session.

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