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.
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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