Some momo favorites pick up steam heading into Q3 end


Consumer stocks that are considered the favorites of momentum traders are putting in some gains today.

The group of gainers include some of the usual suspects like Lululemon (LULU +1.7%), Green Mountain Coffee Roasters (GMCR +2.6%), Zagg (ZAGG +1.9%), and Chipotle (CMG +1.1%).

Traders say economic news and end of the quarter portfolio shuffling are influencing sentiment on the group.

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