Top momentum stocks for Monday

Screening Filters & Rationale

1. Market Cap >= $1 billion:

   • Purpose: Focus on established companies with significant market presence.
   • Rationale: Larger market cap stocks tend to have more stability and liquidity, aligning with momentum strategies.

2. Relative Volume >= 1.7:

   • Purpose: Identify stocks with higher-than-average trading activity.
   • Rationale: Elevated relative volume often signals increased investor interest, which can drive momentum.

3. RSI (14) between 50 and 65:

   • Purpose: Target stocks in a moderate momentum phase without being overbought.
   • Rationale: This range suggests upward momentum while avoiding overextended conditions.

4. Price Above 20-Day Moving Average:

   • Purpose: Ensure the stock is in an uptrend.
   • Rationale: Stocks trading above their short-term moving average often indicate sustained bullish momentum.

5. Weekly Price Change >= 2%:

   • Purpose: Highlight stocks with strong recent performance.
   • Rationale: A significant weekly price increase suggests ongoing positive momentum.