Shares of companies that move higher on increased volume tend to bring in more volume that often pushes the shares even higher. It's an example of crowd behavior and the illusion that someone knows something more than someone else and therefore needs to be followed.
These companies are easy to find with a decent screener, but it's a rather simplistic method of finding companies to invest in. It's just the first step in finding great companies. Once a list is created, further research need to occur into the fundamentals and technicals surrounding the shares.
Below is a list of nine companies that are moving upward along a very easily defined channel. They're each good candidates for further research to see if this upward movement will continue. A simple look at the chart shows that they're most likely to continue higher but as everyone knows, there's no guarantee in the stock market.
If you're looking for new ideas, these nine companies may just be a great place to start.
These companies are easy to find with a decent screener, but it's a rather simplistic method of finding companies to invest in. It's just the first step in finding great companies. Once a list is created, further research need to occur into the fundamentals and technicals surrounding the shares.
Below is a list of nine companies that are moving upward along a very easily defined channel. They're each good candidates for further research to see if this upward movement will continue. A simple look at the chart shows that they're most likely to continue higher but as everyone knows, there's no guarantee in the stock market.
If you're looking for new ideas, these nine companies may just be a great place to start.
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