Scott's Investm...'s  Instablog

Last week's list of 27 stocks returned an average of 2.09% versus 1.32% for SPY.  Purchasing the entire list of stocks may not be feasible for individual investors. However, with this list we can identify stocks with high price momentum that may be viable short to intermediate term trading candidates. 

This week we have 37 stocks and ETFs qualifying for the top momentum securities. There are a variety of industries on the list, with concentrations in gold and silver related stocks and ETFs.

Complete Genomics (GNOM), which was on the previous two week's list and returned  16.07% last week and 20.21% the previous week, remains on this week's list. The share price of GNOM has made a parabolic move in recent weeks and remains in overbought territory, which is no guaratee a pullback is imminent. In fact, at the end of last week GNOM was overbought but had another outstanding week:

 

BJ's Restaurant (BJRI) is another stock worth noting on this week's list.  The company reported earnings on April 20th, increasing revenue by 19% and net income by 65%, compared to the same quarter last year.  The stock closed the week strongly, $.01 below its daily high, which was also its 52 week high. 

Based on positive revenue and earnings growth and strong technicals heading into this week, it is a buy candidate for the short-term. Look for the stock to potentially exhibit further strength this week:



Finally, precious metals continue to show strength.  3 Exchange Traded Funds linked to Silver made this week's list. SLV is a popular ETF and seeks to track the price of silver, which continue to show strong price momentum.  SLV has made a parabolic move in recent weeks, similiar to the previous example of GNOM. At this time momentum remains on silver's side, but I would look for  a pullback soon, even if its to consolidate before moving higher:  Therefore, at current levels I would not be a purchaser of SLV in the short-term.



Data and Chart Source: Finviz

Ticker	Company	Industry	Relative Volume	Price	Change
ACAD	ACADIA Pharmaceuticals, Inc.	Biotechnology	4.96	2.24	2.28%
ADS	Alliance Data Systems Corporation	Credit Services	2.94	90.25	3.83%
AEZS	AEterna Zentaris Inc. (USA)	Biotechnology	5.07	2.16	4.35%
AGQ	ProShares Ultra Silver	Exchange Traded Fund	2.38	340.96	6.36%
ALGN	Align Technology Inc.	Medical Appliances & Equipment	3.91	24.99	16.83%
BAS	Basic Energy Services, Inc.	Oil & Gas Equipment & Services	2.19	29.85	7.14%
BJRI	BJ's Restaurants, Inc.	Restaurants	2.95	46.56	7.16%
CKSW	ClickSoftware Technologies Ltd.	Internet Software & Services	3.22	9.7	6.36%
COF	Capital One Financial Corp.	Credit Services	2.15	53.26	5.40%
CPHD	Cepheid	Scientific & Technical Instruments	3.54	31.46	2.44%
CPX	Complete Production Services, Inc.	Oil & Gas Equipment & Services	2.8	33.62	3.83%
CYOU	Changyou.com Limited	Multimedia & Graphics Software	3.67	39.78	5.07%
DCA	DCA Total Return Fund	Closed-End Fund - Equity	2.6	3.94	2.60%
DPL	DPL Inc.	Diversified Utilities	2.31	30.32	0.50%
DROOY	DRDGOLD Ltd.	Gold	2.62	5.77	4.72%
FMX	Fomento Econ	Beverages - Brewers	2.09	63.58	0.71%
FXA	CurrencyShares Australian Dollar Trust	Exchange Traded Fund	6.84	107.79	0.62%
GNOM	Complete Genomics, Inc.	Biotechnology	3.37	15.6	6.19%
GTU	Central GoldTrust	Gold	2.27	58	1.45%
HON	Honeywell International Inc.	Aerospace/Defense Products & Services	2.44	60.72	3.37%
IXYS	IXYS Corp.	Semiconductor - Specialized	7.16	14.71	19.01%
MTZ	MasTec, Inc.	Heavy Construction	2.99	22.59	5.56%
NEU	NewMarket Corp.	Specialty Chemicals	5.71	179.52	15.12%
OGE	OGE Energy Corp.	Electric Utilities	2.13	52.56	0.40%
PENN	Penn National Gaming Inc.	Resorts & Casinos	4.25	39.98	7.07%
POOL	Pool Corp	Sporting Goods	3.13	28.77	7.07%
RGLD	Royal Gold, Inc.	Gold	2.2	60.2	3.21%
RIC	Richmont Mines Inc.	Gold	4.41	9.01	3.09%
SCSS	Select Comfort Corporation	Home Furnishings & Fixtures	8.77	17.29	30.29%
SIVR	ETFS Physical Silver Shares	Exchange Traded Fund	2.95	46.44	3.22%
SLM	SLM Corporation	Credit Services	3.96	16.31	12.79%
SLV	iShares Silver Trust	Exchange Traded Fund	2.68	45.53	3.21%
SPPI	Spectrum Pharmaceuticals, Inc.	Biotechnology	2.32	9.31	2.42%
SUR	CNA Surety Corp.	Surety & Title Insurance	20.85	26.49	2.52%
TZOO	Travelzoo Inc.	Internet Information Providers	5.91	94.22	27.55%
UTEK	Ultratech, Inc.	Semiconductor Equipment & Materials	5.4	29.14	7.85%
WBC	WABCO Holdings Inc.	Auto Parts	2.94	69.16	7.83%