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
