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Stocks that gained big on Monday and should have momentum going into the rest of this week and beyond.
These stocks all had price increases of at least 5% on Monday and have increased in price over the last 30 days. Additionally, these stocks all have 50-day moving averages greater than their 200-day moving averages, suggesting a continued upward trend. Georesources Inc. (GEOI)
Georesources is in the independent oil and gas industry and has a market cap of $169.67 million. It has been on the rise all year long up to $11.54 from a start of $5.55. Its 50-day moving average of 9.5 is still greater than its 200-day moving average of 8.29 meaning it still has upward momentum. Caraco Pharmaceutical Laboratories Ltd. (CPD)
Caraco Pharmaceutical is in the generic drugs industry and has a market cap of $551.87 million. It has seen a year-long upward trend bringing it up to $17.85 from a start of $11.27. This upward trend should continue as its 50-day moving average of 16.43 is greater than its 200-day moving average of 15.57. Coeur d'Alene Mines Corp (CDE)
CDE is in the silver industry and has a market cap of 1.44 billion. Itis up to $5.16 per share from $2.98 per share just six months ago. This upward trend should continue as its 50-day moving average of 4.6 is above its 500-day moving average of 4.13. Yamana Gold Inc. (AUY)
Yamana Gold is in the gold industry and has a market cap of $6.83 billion. It is up to $19.19 per share from its 52 week low of $8.4 per share in August 2007. This upward trend should continue as its 50-day moving average of 16.18 is greater than its 200-day moving average of 13.69. Mechel Open Joint Stock Company (MTL)
MTL is in the steel and iron industry and has a market cap of 19.42 billion. It is up from $28.98 per share a year ago to $139.93 per share. This trend should continue as its 50-day moving average of 105.38 is higher than its 200-day moving average of 80.25 Kinross Gold Corp. (KGC)
Kinross Gold is in the gold industry and has a market cap of 16.03 billion. It is up to $26.2 per share from $9.87 per share in August 2007. KGC should continue to experience growth as its 50-day moving average of 22.62 is greater than its 200-day moving average of 18.11 Data Provided by Yahoo! Finance (3-3-08) Warning: The market is never reliably predictable and investments always carry the risk of losing money. To avoid unnecessary losses, do your own research on companies before investing your own money. Related Articles:The Motley Fool Investment Guide
The copyright of the article Momentum Stocks: March 3rd-7th in Shares/Stocks is owned by Bryan Keller. Permission to republish Momentum Stocks: March 3rd-7th in print or online must be granted by the author in writing.
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