4 Momentum Stocks You Should Be Watching Right Now

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.

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Acacia Communications Hasn't Hit Bottom

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