It's time for the weekly momentum gainers that you need to be keeping a close eye on. In particular, I would watch Microsoft (MSFT) which is putting in a nice double-bottom, and at current prices makes for an appealing trade with the opportunity to see it move as high as $28.00. I also like United Online Inc. (UNTD) which is forming this perfect cup and handle pattern. Though it failed to hold the breakout level, it is still a valid play at $6.57.

This is similar to its sister-screen that I call "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.

Here are 27 Stocks That Are Gaining Momentum.
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small-ryan-malloryRyan (@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 >>

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