Momentum Stocks: March 3rd-7th
Big Gainers that Have More Growth Potential
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)
- Price (Monday Close): $11.54
- Monday Percent Change: +11.07%
- Thirty Day Percent Change: +25.43%
- One Year Percent Change: +102.10%
- Industry: Independent Oil and Gas
- Market Cap: 169.67M
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)
- Price (Monday Close): $17.85
- Monday Percent Change: +8.64%
- Thirty Day Percent Change: +14.35%
- One Year Percent Change: +55.90%
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)
- Price (Monday Close): $5.16
- Monday Percent Change: +7.05%
- Thirty Day Percent Change: +12.42%
- One Year Percent Change: +21.99%
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)
- Price (Monday Close): $19.19
- Monday Percent Change: +6.67%
- Thirty Day Percent Change: +20.77%
- One Year Percent Change: +39.80%
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)
- Price (Monday Close): $139.93
- Monday Percent Change: +5.97%
- Thirty Day Percent Change: +44.81%
- One Year Percent Change: +359.54%
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)
- Price (Monday Close): $26.20
- Monday Percent Change: +5.65%
- Thirty Day Percent Change: +19.31%
- One Year Percent Change: +103.10%
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.
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