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If you're looking for momentum ideas, the following list might offer an interesting starting point for your own analysis.

Here we present a list of sixteen stocks that are trading above their 20-day, 50-day, and 200-day moving averages. All of these stocks have also seen upgrades in their average analyst rating over the last three months.

Ratings, sourced from Reuters, are presented on a linear scale, where 1 = "Strong Buy" and 5 = "Strong Sell". All of the stocks mentioned below have seen their ratings move closer to 1 over the last three months, i.e. improving analyst sentiment.

Do you think these companies are likely to continue these bullish trends? Full details below.

Ratings data sourced from Reuters, all other data sourced from Finviz.



List sorted by ratings upgrade percentage. (Note: Data sourced on Tuesday afternoon)

1. Braskem S.A. (BAK): Specialty Chemicals Industry. Market cap of $10.28B. The stock is currently 2.25% above the 20-day MA, 2.10% above the 50-day MA, and 26.29% above the 200-day MA. Average analyst rating was upgraded 41.67% over the last three months (from 2.4 to 1.4). The stock has gained 70.05% over the last year.

2. EchoStar Corp. (SATS): Communication Equipment Industry. Market cap of $3.02B. The stock is currently 0.75% above the 20-day MA, 14.83% above the 50-day MA, and 53.09% above the 200-day MA. Average analyst rating was upgraded 40.00% over the last three months (from 2.5 to 1.5). The stock has had a good month, gaining 19.23%.

3. Trinity Industries Inc. (TRN): Railroads Industry. Market cap of $2.43B. The stock is currently 1.59% above the 20-day MA, 7.53% above the 50-day MA, and 34.84% above the 200-day MA. Average analyst rating was upgraded 26.27% over the last three months (from 2.17 to 1.6). Note that this is a risky stock that is significantly more volatile than the overall market (beta = 2.51). TRN is also a short squeeze candidate, with a short float at 10.62% (equivalent to 10.17 days of average volume). The stock has gained 64.81% over the last year.

4. Kirby Corporation (KEX): Shipping Industry. Market cap of $3.02B. The stock is currently 0.98% above the 20-day MA, 10.94% above the 50-day MA, and 27.65% above the 200-day MA. Average analyst rating was upgraded 21.63% over the last three months (from 2.45 to 1.92). Short float at 8.51% (equivalent to 15.6 days of average volume), implying KEX is a short squeeze candidate. The stock has had a good month, gaining 14.59%.

5. InterMune Inc. (ITMN): Biotechnology Industry. Market cap of $2.51B. The stock is currently 11.58% above the 20-day MA, 16.54% above the 50-day MA, and 129.49% above the 200-day MA. Average analyst rating was upgraded 20.00% over the last three months (from 2.5 to 2). The stock has had a good month, gaining 22.69%.

6. Goodyear Tire & Rubber Co. (GT):
Rubber & Plastics Industry. Market cap of $3.67B. The stock is currently 4.44% above the 20-day MA, 12.76% above the 50-day MA, and 29.20% above the 200-day MA. Average analyst rating was upgraded 19.82% over the last three months (from 2.27 to 1.82). GT has had a couple of great days, gaining 12.97% over the last week.

7. Crucell NV (CRXL): Biotechnology Industry. Market cap of $2.80B. The stock is currently 0.81% above the 20-day MA, 3.30% above the 50-day MA, and 24.41% above the 200-day MA. Average analyst rating was upgraded 15.27% over the last three months (from 2.75 to 2.33). The stock has gained 61.56% over the last year.

8. Kinetic Concepts Inc. (KCI): Medical Appliances & Equipment Industry. Market cap of $3.72B. The stock is currently 2.48% above the 20-day MA, 8.36% above the 50-day MA, and 26.72% above the 200-day MA. Average analyst rating was upgraded 13.83% over the last three months (from 2.82 to 2.43). KCI has a relatively low correlation to the market (beta = 0.76), which may be appealing to risk-averse investors. The stock is also a short squeeze candidate, with a short float at 8.27% (equivalent to 8.97 days of average volume).

9. Western Refining Inc. (WNR): Oil & Gas Refining & Marketing Industry. Market cap of $1.45B. The stock is currently 0.75% above the 20-day MA, 19.04% above the 50-day MA, and 100.23% above the 200-day MA. Average analyst rating was upgraded 13.19% over the last three months (from 2.88 to 2.5). The stock has gained 232.43% over the last year.

10. International Coal Group, Inc. (ICO):
Industrial Metals & Minerals Industry. Market cap of $2.06B. The stock is currently 2.23% above the 20-day MA, 8.88% above the 50-day MA, and 57.46% above the 200-day MA. Average analyst rating was upgraded 12.90% over the last three months (from 1.86 to 1.62). The stock has gained 123.73% over the last year.

11. HealthSpring Inc. (HS-OLD): Health Care Plans Industry. Market cap of $2.13B. The stock is currently 0.39% above the 20-day MA, 11.87% above the 50-day MA, and 46.05% above the 200-day MA. Average analyst rating was upgraded 12.50% over the last three months (from 2.64 to 2.31). The stock has had a good month, gaining 15.23%.

12. Hologic Inc. (HOLX): Medical Appliances & Equipment Industry. Market cap of $5.56B. The stock is currently 2.12% above the 20-day MA, 5.92% above the 50-day MA, and 25.91% above the 200-day MA. Average analyst rating was upgraded 11.50% over the last three months (from 2 to 1.77). The stock has gained 9.96% over the last year.

13. SAVVIS Inc. (SVVS): Business Services Industry. Market cap of $1.98B. The stock is currently 1.49% above the 20-day MA, 11.22% above the 50-day MA, and 50.98% above the 200-day MA. Average analyst rating was upgraded 11.50% over the last three months (from 2 to 1.77). The stock has gained 98.35% over the last year.

14. Armstrong World Industries, Inc. (AWI):
General Building Materials Industry. Market cap of $2.61B. The stock is currently 1.13% above the 20-day MA, 4.05% above the 50-day MA, and 32.42% above the 200-day MA. Average analyst rating was upgraded 11.48% over the last three months (from 1.83 to 1.62). The stock has gained 60.51% over the last year.

15. Coeur d`Alene Mines Corporation (CDE): Silver Industry. Market cap of $2.87B. The stock is currently 0.88% above the 20-day MA, 13.43% above the 50-day MA, and 44.99% above the 200-day MA. Average analyst rating was upgraded 11.00% over the last three months (from 2 to 1.78). It's been a rough couple of days for the stock, losing 5.73% over the last week, but the stock has had a good month, gaining 29.15%.

16. Tupperware Brands Corporation (TUP): Packaging & Containers Industry. Market cap of $3.67B. The stock is currently 4.27% above the 20-day MA, 11.82% above the 50-day MA, and 27.08% above the 200-day MA. Average analyst rating was upgraded 10.00% over the last three months (from 2 to 1.8). The stock has gained 22.59% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Momentum Ideas: 16 Stocks Rallying on Analyst Ratings Upgrades