Top 1% Stocks To Keep An Eye On

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High-momentum stocks can be excellent sources of swing trades because they tend to make big moves in both directions. Here are a few stocks with a relative strength rating of 99 that might offer good opportunities in the next few days/weeks:

AMRN bounced from its rising 50-day moving average. It needs to clear $20 to get me interested on the long side.

CRON – cannabis stock working on a high tight flag. It needs to clear $22 – 22.30 to get me interested.

SE – a few days tight of tight-range consolidation near its all-time highs.

Check out my last two trading books:

Swing Trading with options – How to Trade Big Trends for Big Profits

Top 10 Trading Setups – How to find them, hot to trade them, hot to make money with them.

Momentum Monday – The Dips Continue To Get Bought

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Dip buyers continue to dominate the tape. The tech sector is leading again. Enterprise software, semiconductors, the FANGs are all looking strong, breaking out or setting up for a potential breakout.

Emerging markets are also starting to wake up. We are seeing notable relative strength in India, select Brazil and Chinese names. It’s usually good news when the more sectors join the market rally.

We continue to trade in a market of stocks environment, where stock picking matters.

Check out my latest book: Swing Trading with Options – How to trade big trends for big returns.

Five Stocks With Big Earnings Surprises

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Stocks that receive favorable market reaction after reporting big earnings surprises tend to keep going higher in strong bull markets. Some recent examples include MELI, IONS, ZS, and TNDM.

A favorable market reaction is a high-volume range expansion to new 50-day high – a gain of at least 5% on at least 2x the average daily volume.

Here are some stocks that went up immediately after their earnings report after beating estimates by a wide margin that might be setting up for another leg higher:

EXEL broke out from an eight-week base.

GKOS pulled back all the way to its 50-day moving average where it bounced and now it is setting up again for a potential breakout.

DXCM didn’t gap up after their big earnings surprise but managed to consolidate in a tight range near its all-time highs and it is now setting up for a potential breakout.

Check out my latest book: Swing Trading with Options – How to trade big trends for big returns.