High momentum stocks to watch for tomorrow!

High momentum stocks to watch for tomorrow!

by 5paisa Research Team Last Updated: Dec 14, 2022 - 07:00 pm 38k Views
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Looking for stocks that could deliver good returns till tomorrow? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.    

Many of the time market 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 tomorrow.  

Go Colors: The stock has surged about 2.5% on Monday. It has witnessed immense buying interest at lower levels which has shot up over 4%. The stock has recorded above-average volume, highlighting larger participation. With the stock already trading at a day’s high, we can expect it to open with a gap-up tomorrow.

NH: The stock has soared about 2.5% and has hit a fresh all-time high. It has witnessed the buying interest at lower levels and has gained momentum since then. Moreover, it has recorded huge volume during the process. And the stock is likely to continue the momentum on the higher side tomorrow.

Blue Star: The stock has jumped over 4% on Monday. It has been trading higher for five trading sessions. With today’s surge, the stock has taken out its prior swing high. Moreover, it has recorded above-average volume in the past few days. With ongoing momentum, the stock is expected to be trading higher tomorrow.

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