INTC joined the Momentum 40 list 9 weeks ago, on March 13th, when it was still working on its base. The stock just exited the list after a 138% again. The exit might be too early. Its slightly out-of-the-money $50 May-15 Calls were trading around $3 at the time and ended the period near $59, reaching $80 on May 11th. I didn’t buy the Calls, but it is good to be aware of how much the options of strong trending stocks are capable of.
Every week, the Momentum 40 list highlights 40 of the current market leaders – typically high-growth stocks with high relative strength and powerful technical setups. The Momentum 40 list is an excellent idea generation tool for long-term trend-followers, position traders, and short-term swing traders.
I’ve been posting the Momentum 40 list since 2010. Every Friday, I would send the changes an hour or so before the market closes – which stocks are leaving and which are joining. It’s basically a trend-following system that requires action once per week. The losers are cut as quickly as possible, and the winners stay as long as needed.
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