High momentum stocks to keep an eye on 2-March-2023

Looking for stocks that could deliver good returns soon? Here are the High Momentum stocks that one must watch for tomorrow selected on a three-factor model.      

Many participants see a stock opening with a gap-up and wish they should have bought this high momentum stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable high momentum stocks for tomorrow.   

The high momentum stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters, it would flash in our system and as a result, it would help traders to spot the high momentum stocks for tomorrow at the right time!   

Here are the high momentum stocks to keep an eye on.           

Macrotech Developers: The stock registered a massive price volume breakout as it soared over 17% during Thursday’s trading session. The volume stood multifold and greater than 50-day average volume. It has formed a sizable bullish candle on the technical chart and is expected to trend higher in times to come given such positivity.       

Suprajit Engineering: The scrip broke out from its consolidation pattern with good volumes. It surged nearly 5% and recorded highest volumes since past many days. Asso, the technical parameters indicate strong strength in the stock. With the stock showing no signs to halt, it is expected to open positively in the next trading session.

GE Shipping: After a steep downtrend, the stock has seen fresh buying interest emerging at lower levels as it soared over 5% on Thursday. With this, it has moved above its short term moving averages and recorded good volumes. The volumes rose for third consecutive days and suggest strong buying activity. The stock trades at the day’s high, and we expect it to open gap-up in the next trading session given such positivity.