Momentum trades: Northern Graphite Corporation [NGC]

NGC turned up in my Momentum Stock Scan, but bearish divergence on 21-day Twiggs Money Flow warns of short/medium-term selling pressure.

Index

But respect of the bottom trend channel (at $1.80) and recovery above $2.00 would mean all’s forgiven and we can expect another advance.

Canada TSX: Top Momentum stocks

Interesting new stocks on my Top Momentum stock screen (Incredible Charts #48894):

Northern Graphite (daily chart)

Northern Graphite

Atna Resources (weekly chart)

Atna Resources

Connacher Oil & Gas (weekly)

Connacher Oil & Gas

Imperial Metals (weekly)

Imperial Metals