High momentum stocks to watch for September 23!

High momentum stocks to watch for September 23!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 06:25 am 15.2k Views
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Looking for stocks that could deliver good returns by September 23? 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 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 23.

Schneider Electric: The stock hit a fresh 52-weekhigh on Thursday after it soared over 8%. Massive volume was recorded on the daily chart which was greater than 50-day average volume. Last week, the stock broke out from its cup pattern, and which is quite positive. We can expect a positive upmove in next trading session.

Metropolis Healthcare: After correcting sharply for over 60%, the stock has formed a base and strong buying is seen at lower levels. It has jumped 5% today and attracted stronger volumes. It is above its 20-DMA and is trading at d model ay’s high. Such positivity is likely to be reflected in next trading session as well.

JM Financial: The stock continued its upward journey and has surged nearly 5% during Thursday’s trading session. It is above its prior swing high and has recorded above average volume. It is above its key moving averages and price pattern looks positive. It is expected to move positively in next trading session.

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