In my daily update of the Bat Computer Market Analyzer I give you the momentum of the current Nasdaq market. Momentum measures how much up or down a stock is going a certain a volume. A highly positive volume means a stock price is rising on high volume while a highly negative momentum means a stock price is falling on high volume. See here for the equation...
I though I'd take that measure and apply it to find the top ten stocks with the highest momentum. The first time I ran this however, I ended up with a whole bunch of stocks that gapped up on high volumes (i.e. from a buyout offer). So I added one caveat, I'd limit it to stocks that haven't gapped up > 1% in the past 10 days (the same period I calculate the volume over). So here it is...the top ten momentum stocks
...next week we'll check back and see how they do.