Looking at the Watch list: Top 50 Stocks with Price and Sector Momentum, you will notice many of the stocks are now highlighted RED in the 30DGrwth column (30 Day Growth). This occurs when the stock's 30 day return is greater than 10%. Stocks highlighted in red in this column are considered high risk for entry. Last week, just about the entire list was flagged green so many of these stocks have had a significant run-up this week.
Gold stocks have been appearing on the list over the past few days.
1 Response to Top Stocks Watchlist - End of Week Observation
In short momentum is good but short term momentum is not good. The trick to trading momentum is to buy in pullback zones and not buy over extended stocks.
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