High momentum stocks to watch for 10-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 high momentum stocks to keep an eye on.

Arman Financial Services: The stock trades at the breakout level of its 12-week cup pattern with good volumes. On Friday, it gained over 3% and traded above all its key moving averages. Moreover, the technical parameters indicate strong relative strength. The stock has formed a sizable bullish candle and is expected to trend higher in times to come.

Techno Electric and Engineering: The scrip broke out from its 79-week cup pattern this week and recorded one of the highest volumes. With this, it marked a fresh 52-week high level on Friday. Moreover, the MACD has indicated a bullish crossover. With the stock showing no signs to halt, it is expected to open positively in the next trading session.

SRF Ltd: The stock made a strong V-shape recovery on the weekly technical chart and jumped over 12% from its recent swing low. The stock has crossed above its short-term moving averages with good volumes. The stock trades at the day’s high, and we expect it to open gap-up in the next trading session given such positivity.