In my daily update of the Bat Computer Market Analyzer I give you the momentum of the current Nasdaq market. Momentum measures how much up or down a stock is going on a certain volume. A highly positive volume means a stock price is rising on high volume while a highly negative momentum means a stock price is falling on high volume. See here for the equation...
http://thequantinvestor.blogspot.com/2011/03/bat-computer-market-analysis-software.html
I though I'd take that measure and apply it to find the top ten stocks with the highest momentum. The first time I ran this however, I ended up with a whole bunch of stocks that gapped up on high volumes (i.e. from a buyout offer). So I added one caveat, I'd limit it to stocks that haven't gapped up > 1% in the past 10 days (the same period I calculate the volume over). So here it is...the top ten momentum stocks
VDSI
KEYN
KSWS
ABMD
PPDI
PDLI
AFFX
STKL
SQNM
STEI
...next week we'll check back and see how they do.
No comments:
Post a Comment