4 Momentum Stocks Breaking Out and Poised to Move Higher

NEW YORK (TheStreet) -- Looking for smart momentum investments?

Here are three biotech and pharmaceuticals stocks and one software company to watch today that have strong potential to accelerate higher.

GLOB ChartGLOB data by YCharts

1. Globant  (GLOB)

Globant has popped out of a multi-week falling wedge, breaking out for the third time since late March as it stair-steps up its rising channel. After being repelled by resistance on Friday (rising after Thursday's first quarter profit news) and dropping for two days, the software company's stock exploded for a $2.44, or 10.3%, gain on Wednesday to $26.01, breaking out across a double-top. Next target is $31.

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