Let's look at four stocks that have strong technical momentum. 

1. Cavium (CAVM)

Cavium's shares have formed a nice pattern since they bottomed near $36 in early July. The stock ran up sharply in July and August into the mid-$50s and then moved sideways for three months until it broke out on Tuesday.

The stock's price exploded from a low of $57.10 to an intraday high of $62.79 before closing Tuesday's session at $61.47, up $4.41. Loop Capital initiated coverage with a buy rating on the semiconductor manufacturer. There's some resistance in the short term at $64, but there's stronger resistance around $68.

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2. Nvidia (NVDA) - Get Report

Nvidia's shares Tuesday jumped $1.51, or 1.6%, to $93.39, on volume of 12.4 million shares. There didn't seem to be a news catalyst for the move.

The stock, in a steady upward channel since the February low of less than $25, is in a three-week flag formation after the big spike from the mid-$60's in mid-November. It is moving toward lateral resistance from the highs of the flag at $95.25. Through there, the short-term target would be the channel top near $102-103.

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3. Terex (TEX) - Get Report

Terex stock popped out of a wedge pattern on Tuesday, gaining $1.25, or 4.2%, to $31.09 on volume of 1.47 million shares, which marked a pick-up in volume. The move came on no news from the manufacturer of industrial goods. The stock had gapped up from the $23 range in early November and continued as high as $31.44 before consolidating over the last week. A move through $31.44 could lead to $34 next.

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4. Winnebago Industries (WGO) - Get Report

Winnebago Industries is acting very well and gained 85 cents, or 2.5%, to close at $35.15 on Tuesday. Volume was nearly 360,000 shares. After the big breakaway gap in early October out of a six-month base, followed by a 3-wave corrective pullback to the 50-day moving average, the stock formed a new rising channel. The channel points to a target of $38, and then to $40-$41. With short interest of 13.6 times its average volume, the stock could accelerate as shorts cover on an upward move.

See Harry's video chart analysis on these stocks.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage. At the time of publication, the author had no positions in stocks mentioned.