We’ve made a nice recovery off of the lows of the – a very nice one actually as we bounced off of the 38.2% Fibonacci retracement level at 1342 on the S&P. Below are this week’s stocks that are gaining momentum. There are only four of them this time in my screen results due to the weakness that we have seen so far this week, as a result I’ve provided charts on each of them.
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. 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.
Here are 4 Stocks That Are Gaining Momentum.
