This screen here is useful for finding those stocks starting to catch some momentum to the upside. 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.
Of the stocks listed below that are looking the most promising is Domtar Corp (UFS) which is in the process of breaking out at the time of this post, TrueBlue (TBI) which has seen a light volume pullback to its trendline, and could be ready to resume its upward move higher. Sanderson Farms (SAFM) has also made a short-term inverse head and shoulder bottom, and looks poised to move into the upper $40’s.
Here are the 17 Stocks That Are Gaining Momentum.
