20 Stocks Gaining Momentum
This is a stock screen similar to "Stocks That Are Breaking Down" (but just the exact opposite). A lot of these stocks are positioned for breakouts in the near future. If you are a momentum trader, you have to take a look at the charts of each of these stocks listed below. Each of the stocks below were hand-picked from a list of screen returns of more than 100 stocks/ETF's. These are the ones that I would consider the best of the best from those returns.
Keep an eye on Actuate Corporation (BIRT) - it is attempting to breakout of a downtrend that its been in since late April. If it gets above $5.60, the momentum should pick up quite a bit. Also, Badger Meter (BMI) needs to break $37.70 to confirm the breakout and then we could expect a rally in to the lower $40's. Finally, watch Interline Brands for a breakout of its bull flag after a huge move to the upside. A nice move above the 50-day moving average should be enough to start a second leg to its rally.
Here are the 20 Stocks Gaining Momentum.