High momentum stocks to watch for on September 12

High momentum stocks to watch for on September 12

by 5paisa Research Team Last Updated: Dec 13, 2022 - 11:05 am 16.2k Views

Looking for stocks that could deliver good returns by September 12? 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 12.

Nazara Technologies: The stock has zoomed 13% amid strong buying interest from the traders. After consolidating at lower levels, the stock saw huge spurt in volume as it soars over its prior swing high. Friday’s volume has been recorded as nearly 10 times the previous day’s volume. With such strong trading activity, we can expect this stock to be in positive upmove in next trading session.

NESCO: NESCO has surged over 17% in the past 3 trading sessions, including Friday’s gain of 11%. The volumes continued to rise on the third day, and the stock is within the touching distance from its 52-week high. With the stock already at day’s high, it is likely to see a positive opening in next trading session.

Astral: The stock is in medium term uptrend, having bounced 67% from its recent swing low. It has hit a fresh all-time high on Friday and shows no sign of halting. The volumes remain elevated and demonstrates rising participation from the investors. From short term traders, it can be greater deal and is expected to open gap-up on Monday.

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