After looking at some of the bigger moves of this past week, it looks like most of my favourites are topping out so I've run a momentum scan with the following parameters for Friday's closing prices. A close of 1.05 versus Thusday's close on twice the average daily volume with a minimum volume average of 500k over the last 20 trading days and a minimum price of $2.00(Nasdaq market only).
Here are some of the more interesting charts from this scan. These names look poised to move higher in the coming days:
- ECLP looks particularly good on the weekly chart as it is testing resistance at $21.00 which dates back to the end of 2004. Next resistance level is $25-26.
- NDAQ could retest its recent highs.
- HANS could also retest recent highs.
- BRKS could be a winner on a clean break of the 200 SMA.
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