That wasn't as much the case last year, when a buoyant market helped lift just about any name trading on a big index. But this year, with the S&P up 7% year-to-date, there's a much wider gap between the leaders and the laggards. In fact, more than 41% of the S&P 500's performance this year boils down to just 10 high-performing large-caps.
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That's why, as we approach the end of the year, it makes sense to focus on the momentum movers and leave everything else alone.
So today, we're taking a closer technical look at five momentum stocks that look ready to spring higher before the calendar flips to 2015.
For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at five technical setups worth trading now.
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