Some Stocks That May Be Ready For Bigger Upside Moves
Below I’ve provided a few stocks that should do very nicely, if this bullish momentum continues the rest of this week and into next. Some of the indicators that I use are showing some aggressive buying taking place in these names, and the charts are showing it as well.
The best momentum setup from the stock screen results
Of all the stocks listed below, I’d rank Gap (GPS) at the top of the list, as it has bounced nicely off of the November lows, and has reclaimed the 10,20 and 50-day moving averages.
Once the stock breaks through $36, I believe it is worth buying and risk can be kept relatively tight by placing a stop-loss at $34.90.0