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.
Last time this screen was run, which was on Friday, I mentioned that you should keep an eye on Trina Solar, and since has rallied by 6%. Marvell Technology Group (MRVL) is still looking to breakout. Others I would watch for is Rio Tinto (RIO) which could see a strong upside breakout in the coming days, as well as Atwood Oceanics (ATW).
Here are the 22 Stocks That Are Gaining Momentum.
