4 Momentum Stocks To Watch

4 Momentum Stocks To Watch

Stocks in e-gaming, blockchain and other momentum areas are among our top charts to watch today.

Activision Blizzard (NASDAQ:ATVI) rose 54 cents to $55.45 on 10.9 million shares Thursday, more than 1 1/2 times its average volume. The move, on an analyst upgrade of the electronic gaming company, popped the stock to as high as $57.52 intraday, above lateral resistance, before it backed off. The stock, which is up from $45 in the last month, may be short-term extended and need to back and fill before making a run at the next target near the gap from last November at around $62.InMode (NASDAQ:INMD) gained 50 cents to $27.34 Thursday on no news. However, the recent IPO and maker of products for aesthetic medical procedures recently had bullish coverage initiation by several Wall Street firms. The stock is in a bullish wedge formation, and a break through $28 could accelerate it to $32 next. Lattice Semiconductor (NASDAQ:LSCC) jumped 88 cents, or 4.3%, to $21.01 on no news. The stock, which has been in a beautiful rising channel since last November, up nearly four-fold, is now at the highest closing level in 18 years. Recently consolidating in a 6-week sideways channel, the stock looks poised to break its recent intraday high at $21.44 en route to the long-term channel top near $26. Overstock.com (NASDAQ:OSTK) popped $3.96, or 17.4%, to $26.72 on 11.4 million shares, more than double its average volume. The move came on news that tZERO, a keiretsu company of OSTK’s blockchain subsidiary, is partnering with entertainment financing company BLOQ FLIX to tokenize films. The stock, which is up from just under $15 in 10 days, broke above its early August high of $26.46. Watch for $32 next.

See Harry’s video chart analysis on these stocks.

No holdings.

4 Momentum Stocks To Watch

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.