Editors' pick: Originally published Nov. 8.
Here are four stocks to watch with strong technical momentum that you should watch.
1. Finisar (FNSR)
Finisar had a beautiful move from June, when it was trading at $15, to early October, when it got to more than $30. The stock has had a 3-wave corrective pullback since then, although it is starting to move up. On Monday, it rallied 60 cents to $28.81 on 1.2 million shares on no news, edging during the session above the declining tops line of the pullback channel. A move across $30.00-$30.15 could lead to a run to the channel top in the mid-$30s.