Here are four stocks to watch with strong technical momentum.
1. Acacia Communications' (ACIA) stock has performed phenomenally after it hit bottom in mid-May around $27 just after its initial public offering. Shares of the maker of high-speed interconnect modules for cloud-computing operators then ran up to $45, pulled back to a Brexit low in the $33 area, and then took off again in a 15-point run in the last couple of weeks. On Thursday the stock closed up $2.81 at $52.43 on volume of 1.1 million shares. This looks like a stock that isn't done yet. Watch for a move to the mid $50s, with Wednesday's low of around $47 as a potential sell stop.