Stocks Catching my Eye
Three stocks are catching my eye while making multiple screens over the past couple of weeks. MTL is up over 13% in less than two weeks since I highlighted it in a post titled Basic Materials (Oil) Stocks Making New Highs
MTL – 111.60, Mechel Steel Group was up 10.60% on volume 97% larger than the daily average
Trading momentum is paying-off in the current market environment. Swing trading breakouts making new highs on volume at least 100% larger than the average is king. It’s working so pay attention and be smart while putting on trades. MTL is no longer a buy since it has become extended but TITN and RIO may be setting up for new 52-week highs.
Like this article? Subscribe to my free RSS feed!
Chris:
Great observation.
Used your recommended scan and found ME and DBA.
Chris,
Did you also notice MTL is more than 100% from his 200 DMA?
[...] – This was a quote of mine on February 25, 2008 in a post titled Stocks Catching my Eye [...]
[...] February 25, 2008: TITN - $19.70 Three stocks are catching my eye while making multiple screens over the past couple of weeks. MTL is up over 13% in less than two weeks since I highlighted it in a post titled Basic Materials (Oil) Stocks Making New Highs [...]
[...] 2/25/08: Stocks Catching my Eye - TITN: $19.70 “MTL is no longer a buy since it has become extended but TITN and RIO may be setting up for new 52-week highs.” Like this article? Subscribe to my free RSS feed! This Post Sponsored by: [...]