The Top Three Bullishly Trending Stocks above 200 day SMA Scan

Jul 21, 2017: 12:02 PM CST

When swing trading, we like scanning for “strong stocks getting stronger.”

A simple, effective method for doing so is to identify stocks extended above their rising 200 day Simple Moving Average.

Let’s highlight the Top Three Trending Stocks right now under this metric:

Bullish Stock Scan Trending Above 200 day SMA NVDA

Bullish Stock Scan Trending Above 200 day SMA NRG

Bullish Stock Scan Trending Above 200 day SMA VRTX

Strongly trending stock NVIDIA (NVDA) tops our list of stocks extended (by percentage) above the 200 day SMA.

The last time we discussed this stock on the blog was April 18th, highlighting (correctly) the critical bullish support level.

Next up is NRG Energy (NRG) surging higher in a gap-up situation as the uptrend continues.

The third strongly trending stock of the day is Vertex Pharma (VRTX), a name that’s been popular on social media in part due to its uptrend and most recently with the gap-up above $160 per share.

Use these as starting points for additional research and trade identification – including our favorite retracement strategies – for future opportunities into these “strong stocks getting stronger.”

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Corey Rosenbloom, CMT

Afraid to Trade.com

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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”

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