Following Through
When looking for momentum daytrading candidates,
I love to look at two key factors: How did the stock close and did it expand its
range?
As you can see in the attached chart from
Doral Financial
(
DORL |
Quote |
Chart |
News |
PowerRating),
the stock had a strong close and had the largest range of the past 11 days. For
this reason it appears in the
Nightly Daytraders Report. Then it follows through the following day, today.
Get in the habit of checking for this action. Momentum stocks
don’t usually stop abruptly.
Have a great weekend!