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.
Three stocks in particular that look very strong to me is AK Steel Holding (AKS) which is breaking out of a cup and handle pattern, Cosan Limited (CZZ) which is similarly breaking out of consolidation, with the potential to move into the mid-$13's, and finally Canadian Solar, who is trying to form a nice bottom, and a break above the 50-day moving average on strong volume.
Here are the 18 Stocks Gaining Momentum
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 with a wife of seven years as well as one lively son. More >>
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