I find that trading the strongest momentum stocks during a market pullback tends to yield the best results.
I mean, stocks with high relative strength usually hold onto said strength better than weaker stocks, and they even bounce back faster, too.
If a stock gains momentum and outranks other ones, it means it has strong institutional backing. Large mutual funds don't typically bail on stocks after minor pullbacks — they hold until they trade above their 200-day moving averages.
So in light of Monday's dive, it's easy to see why most traders would want to take advantage of the strongest momentum stocks…
And luckily for you, I know exactly which ones!
|
0 Response to "Momentum Stocks Are Taking Over. Try These 2 Names"
Post a Comment