One thing I love to do when we get multiple days of selling like we saw prior to today, is to run a screen and see what kind of stocks are bucking the trend and rising against a clear wave of selling.
And what I found were six quality setups that are gaining momentum against a market clearly growing bearish.
Of the six below, the one I like the best is Atwood Oceanics (ATW) which is clearly breaking out above recent consolidation and if this market bounce can hold it should have some legs to run higher as a result.
Here are six stocks gaining momentum.
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>