Connect with us

Hi, what are you looking for?

Stock

Top 5 Stocks in “Go” Trends

Top 5 Stocks in “Go” Trends

Trend Continuation on Rising Momentum

GoNoGo Charts® highlight low-risk opportunities for trend participation with intuitive icons directly in the price action. The resurgence of momentum in the direction of the underlying price trend is an excellent entry opportunity, or the chance to scale up positions.

GoNoGo Icons® illuminate these events on the chart with green solid circles (or red circle to highlight continuation of NoGo trends). When GoNoGo Trend® is painting blue or aqua bars, a green solid circle will appear below price each time GoNoGo Oscillator® finds support at zero.

Below are the top 5 stocks/ETFs in “Go” trends with surging momentum by volume in the S&P 500 as of the daily closing price action:

Scan Results for Go Trend Continuation Icons – Daily

ConAgra Brands, Inc – (CAG)

GoNoGo Icons signaled a trend continuation on Friday (05/10/24). After setting a higher swing low on Monday, price action was to the upside the remainder of the week reaching strong “Go” conditions Wednesday through Friday on blue bars.GoNoGo Oscillator found support at the zero line, but remained neutral for over a week as GoNoGo Squeeze® maxed out in the amber grid, before moving to positive momentum on Friday. ConAgra has traded on light relative volume since early April.

Campbell Soup Co. (CPB)

GoNoGo Trend returned to strong blue “Go” conditions to conclude the trading week at prior highs just under $46/share.Countertrend price action from the prior week led to weaker aqua trend conditions through Wednesday.GoNoGo Icons signaled a trend continuation on Friday (05/10/24). GoNoGo Oscillator ended the week in positive territory after finding support at the zero line.

Hormel Foods Corp. (HRL)

GoNoGo Trend ended the trading week on strong blue “Go” conditions.GoNoGo Icons signaled a trend continuation on Friday (05/10/24). GoNoGo Oscillator remained neutral building a small squeeze through the week and rallied back to positive territory again on Friday. Hormel has traded on light relative volume since early March when this recent Go Trend took shape following a sharp gap higher.

Waste Management, Inc. (WM)

GoNoGo Trend returned to strong blue “Go” conditions to conclude the trading week.GoNoGo Icons signaled a trend continuation on Friday (05/10/24). Countertrend price action last week had established a weak “NoGo” trend on pink bars.GoNoGo Oscillator ended the week in positive territory after retesting the zero line on light relative volume.

Cummins Inc (CMI)

GoNoGo Trend returned to “Go” conditions to end this trading week on an aqua bar.This recovery follows deteriorating trend conditions last week on pink and purple NoGo bars.The reversal this week cycled from a weak-form pink “NoGo” bar, through several amber bars, before trend conditions were established on Friday.GoNoGo Oscillator was in negative momentum below the zero line or testing from below since mid-April.Momentum broke out to positive territory on Friday rallying out of a small GoNoGo Squeeze.

You May Also Like

Latest News

Independent presidential candidate Robert F. Kennedy, Jr. has revealed what he says is his path to the White House as he faces increased pressure...

Stock

Over the past trading week, it was expected that while technical pullbacks in the markets may get extended, NIFTY may still continue to remain...

Latest News

A $95 billion package with aid to both Ukraine and Israel passed the Senate on Tuesday night after the House’s various adjustments were approved...

Stock

We’ve been covering the signs of weakness for stocks, from the bearish divergences in March, to the mega-cap growth stocks breaking through their 50-day...



Disclaimer: Paybackinvestigators.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 Paybackinvestigators.com