In the table below, you'll find alerts on hot stocks making new highs or new lows. Each alert includes the stock symbol, number of triggers today, price changes, and relevant news links when available.
What is Momentum Trading?
Momentum trading is a strategy that involves buying stocks that are rising and selling them when they look to have peaked. The idea is to capitalize on the continuance of existing trends in the market. Traders who use this strategy believe that stocks that have shown an upward price trend will continue to rise, and vice versa for declining values.
How Does Momentum Trading Work?
Momentum traders focus on stocks that are moving significantly in one direction on high volume. They try to ride the momentum wave until they see signs of reversal, at which point they exit the position. Key components include:
- Trend Identification: Recognizing stocks that are moving sharply in one direction.
- Price Action Focus: Monitoring actual price movements rather than relying on lagging indicators.
- Timing the Market: Entering and exiting positions at optimal times to maximize profits.
Benefits of Momentum Trading
- High Profit Potential: Capitalize on strong market movements for significant gains.
- Short-Term Strategy: Suitable for traders who prefer not to hold positions long-term.
- Clear Entry and Exit Points: Based on technical indicators and market trends.
Risks of Momentum Trading
- Market Volatility: Sudden reversals can lead to significant losses.
- Fast paced: Requires constant market monitoring and quick decision-making.
Key Indicators Used in Momentum Trading
Momentum traders often rely on fundamental data like news or technical indicators events to make informed decisions, such as:
- Moving Averages: Identify trend directions and potential reversal points.
- Relative Strength Index (RSI): Measures the speed and change of price movements.
- MACD (Moving Average Convergence Divergence): Shows the relationship between two moving averages.
What is a Momentum Scanner?
A momentum scanner is a specialized tool that helps traders identify stocks exhibiting significant price movements. These scanners analyze vast amounts of market data in real-time to alert traders of potential trading opportunities based on predefined criteria.
How Does a Momentum Scanner Help Traders?
- Real-Time Monitoring: Continuously scans the market for stocks breaking new highs or lows.
- Customizable Filters: Allows traders to set specific criteria based on their strategies.
- Efficiency: Saves time by automating the scanning process, enabling traders to focus on analysis and execution.
- Alerts and Notifications: Provides instant alerts when a stock meets the momentum criteria.
Why is a Momentum Scanner Essential?
In today's fast-paced markets, opportunities can arise and disappear within minutes. A momentum scanner ensures that traders:
- Never Miss Opportunities: Stay ahead by identifying movements as they happen.
- React Quickly: Make timely decisions to enter or exit positions.
- Improve Accuracy: Rely on data-driven insights rather than guesswork.
Introducing Argus Momentum Scanner
Argus is a state-of-the-art momentum scanner designed to empower traders with real-time market insights. By integrating advanced scanning technology with real-time news feeds, Argus provides a comprehensive platform for identifying and analyzing momentum in the stock market.
The Argus Approach: Simplicity and Focus
While traditional momentum scanners track dozens of technical indicators, Argus takes a radically simple approach. We focus exclusively on significant price movements—specifically, stocks that move beyond 4% from their opening price. Once a stock crosses this threshold, we continue alerting you as it makes new session highs or lows.
Why this matters: New highs and new lows by definition capture breakouts and breakdowns as they happen. This approach is more effective than tracking random intraday movements, and it makes it crystal clear which news events actually triggered strong, sustained price action. While other scanners might show you volume spikes or RSI readings that lead nowhere, Argus shows you what's actually moving and why.
Key Features of Argus
- Real-Time Market Monitoring: Continuously scans for stocks making significant moves (above 4%).
- Continuous Breakout/Breakdown Tracking: Keeps alerting as stocks make new session highs or lows, capturing sustained momentum.
- News Integration: Correlates price movements with relevant news articles.
- Customizable Alerts: Set personalized thresholds and filters to match your trading strategy.
- Performance Tracking: Monitor daily top gainers and losers in the market.
- User-Friendly Interface: Intuitive design for seamless navigation and analysis.
Advantages of Using Argus
- Informed Decision-Making: Understand the reasons behind market movements.
- Time Efficiency: Argus acts as your eyes on the market, saving valuable time.
- Competitive Edge: Stay ahead of other traders with instant alerts and data.
- Simplicity: Suitable for both novice and experienced traders.
Who Benefits from Argus?
Argus is designed to cater to a wide range of traders and investors. Here's how different types of market participants can benefit:
News-Driven Traders
For traders who focus on news catalysts:
- Instant Alerts: Receive notifications when news impacts stock prices.
- Breaking Stories: Stay ahead with early detection of market-moving news.
- Verification: Quick access to news sources for due diligence.
Momentum Traders
Ideal for traders who capitalize on strong directional moves:
- Real-Time Scanning: Identify stocks making new highs or lows instantly.
- Sustained Momentum: Find stocks with continuous price movements.
- Catalyst Insight: Understand the drivers behind the momentum.
Busy Professionals
Essential for those who cannot monitor the market constantly:
- Stay Updated: Keep track of significant market moves effortlessly.
- Daily Summaries: Get quick overviews of market performance.
- Simplified Information: Easy-to-understand explanations of movements.
Beginner Traders
Great for those new to trading and looking to learn:
- Educational Resources: Learn about momentum trading strategies.
- User-Friendly Interface: Easily correlate a market movement with the reason behind it.
- Simple to use: Simple to understand data, all automatically available on the same page.
Experienced Traders
Enhance existing strategies with advanced tools:
- Advanced Filters: Customize scans to match complex strategies.
- Fast Data: Access the necessary information, fast.
- Efficiency: Streamline your workflow with integrated tools.
Membership Options
Argus is available for Free, with more advanced and accurate tools for Gold members.
Free Membership Features
Get started with basic access to market movements:
- 1-minute delayed data updates
- Approximated data
- Basic new high/low alerts
- Standard news integration
- Daily movement summary
- Limited alert frequency
Gold Membership Advantages
Unlock premium features for maximum market awareness:
- Real-time data and instant alerts
- Enhanced precision data
- Customizable alert thresholds
- Advanced filtering options
- Premium support
- No advertisements
Tips for Effective Use of Argus
Maximizing the Scanner's Potential
- Pre-Market Preparation: Monitor pre-market news and movements to plan your trading day.
- Leverage News Links: Use integrated news to verify and understand movement catalysts quickly.
- Focus on Repeated Alerts: Pay attention to stocks making multiple new highs or lows, indicating stronger trends.
- End-of-Day Analysis: Review daily summaries to identify patterns and refine your strategy.
Advanced Strategies for Gold Members
- Customize Alerts: Set specific thresholds that align with your trading style and risk tolerance.
- Utilize Advanced Filters: Focus on stocks within certain price ranges, volumes, or market caps.
- Reduce Noise: Use filtering options to eliminate irrelevant data and concentrate on high-potential opportunities.
Understanding Argus's Simple Yet Powerful Approach
- Trust the Simplicity: While you might be used to complex indicators, remember that price movement is what ultimately matters for trading profits.
- Focus on Sustained Alerts: Multiple alerts on the same stock indicate genuine momentum, not just noise.
- Use News for Context: Our news integration helps you understand if the movement is likely to continue or reverse.
General Best Practices
- Stay Disciplined: Stick to your trading plan and avoid impulsive decisions.
- Manage Risk: Always use stop-loss orders and never risk more than you can afford to lose.
- Continuous Learning: Keep updating your knowledge about market trends and trading strategies.
Understanding the Alerts
Argus provides detailed alerts to help you make informed decisions. Each alert includes:
- Symbol: The stock's trading ticker symbol.
- Alert Frequency: The number of significant moves the stock has made today.
- Price Data: Current price and/or percentage change, and price movement direction.
- Volume Information: The total trading volume for the day.
- News Links: Direct links to news articles relevant to the stock's movement.
Interpreting the Alerts
- High Alert Frequency: Indicates sustained momentum, consider investigating further, be careful when the value becomes too high.
- Significant Price Change: Large percentage changes between alerts may present trading opportunities or risks.
- Volume Spikes: Increased volume can confirm the strength of a price movement. Slowing volume may indicate a reversal.
- Relevant News: News events can provide context and help predict future movements.
Important Information About Data Accuracy
While Argus strives to provide accurate and timely information, it's essential to understand the limitations:
- Data Delays for Free Members: Data is delayed by approximately 1 minute and may not reflect current market prices.
- Approximated Data: Calculations are based on available data and may not be exact.
- Algorithmic News Correlation: News links are generated automatically and may not capture all relevant information.
- Verification Needed: Always cross-reference data with your trading platform or other reliable sources.
Benefits of Gold Membership for Data Accuracy
- Real-Time Data: Access to real-time market information.
- Enhanced Precision: More accurate calculations and data points.
- Advanced Features: Additional tools to refine your trading strategy.
Important Notice: Argus is designed as an informational tool to assist in identifying potential market opportunities. The data and information provided are for informational purposes only and should not be construed as financial advice or trading recommendations.
Key Points to Consider
- Verification Required: Always verify movements and news through multiple sources before making trading decisions.
- Market Risks: Trading stocks carries significant risks, including the potential loss of capital.
- Not a Substitute for Professional Advice: Consult with qualified financial advisors for personalized investment advice.
- No Guarantees: While we strive for accuracy, we make no guarantees about the completeness or reliability of the information provided.
- Past Performance: Historical data and performance do not guarantee future results.
- Automated Correlations: News correlations are automated and may not capture all market factors affecting stock movements.
- Responsibility: Users are responsible for their own trading decisions and should conduct thorough research.
By using Argus, you acknowledge that you understand these risks and agree to not hold the platform or its creators liable for any trading losses or damages.
Why is CHEK stock up?
Check-Cap (NASDAQ:CHEK) shares are moving higher after the company announced a definitive merger agreement with MBody AI onSep 12 . The newly combined entity will focus on embodied AI, a sector projected by Morgan Stanley to reach $40 Trillion by 2050. Under the deal, MBody AI shareholders will own 90% of the merged company, with Check-Cap shareholders retaining 10%.
This upward move follows a recent pattern of volatility, with the stock gaining10.18% on Sep 10 , dipping -4.72% on Sep 11 , and rebounding 8.73% on Sep 12 . The merger news is likely fueling today's surge as traders react to the strategic shift.