High momentum stocks to keep an eye on 22-Feb-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 top high momentum stocks to keep an eye on:     

Symphony Ltd: The stock continues to be in a strong uptrend despite weakness in the market. It soared over 3% on Wednesday and recorded massive volume during the process. It has formed a series of higher highs and higher lows and thus indicates a positive trend. With the stock already trading at the day’s high, we can expect a good move in the next trading session.   

Bluestar Company: The scrip marked its all-time high level on Wednesday after it soared over 3% with huge volumes. The technical parameters indicate strong strength in the stock while rising volumes indicate strong participation. The technical setup appears bullish and thus, the stock is expected to open positively in the next trading session.

Cyient Ltd: The stock of CYIENT rose over 2% and has crossed above its prior swing high levels. The volumes have been above average lately and suggest strong trading activity. The stock is above all its key short-term and medium-term moving averages. The price action depicts positivity, and it is likely to be a trending stock in times to come.