STOCKS

The staff at Kapitall.com have run a screen for tech stocks with strong momentum. Here are the results.

Interested in trading stocks with strong momentum and positive smart money sentiment? We ran a screen with that idea in mind.

We began by screening the tech sector for stocks with positive market sentiment, rallying above their 20-day, 50-day, and 200-day moving averages. Then we screened for those with bullish sentiment from short sellers, with significant decreases in shares shorted month-over-month. This indicates that short sellers are less bearish on these names than they were a month ago.

Here is the list sorted by increase in shares shorted as a percentage of share float.

  1. Glu Mobile (GLUU) engages in the design, marketing, and sale of casual and traditional mobile games worldwide. The stock is currently trading around 18% above its 20-day moving average, 23% above its 50-day MA, and 50% above its 200-day MA.

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  3. 3D Systems (DDD) engages in the design, development, manufacture, marketing, and servicing of 3D printers and related products, print materials, and services. The stock is currently trading around 10% above its 20-day moving average, 16% above its 50-day MA, and 62% above its 200-day MA.

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  5. Loral Space & Communications (LORL) operates as a satellite communications company. The stock is currently trading around 12% above its 20-day moving average, 11% above its 50-day MA, and 20% above its 200-day MA.

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  7. Knology (KNOL) provides video, voice, data, and advanced communications services to residential and business customers in the southeastern and midwestern United States. The stock is currently trading just above its 20-day moving average, 11% above its 50-day MA, and 18% above its 200-day MA.

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  9. Logitech International (LOGI) designs, manufactures, and markets hardware and software products that enable digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security, and home-entertainment control. The stock is currently trading 5.68% above its 20-day moving average, 7.63% above its 50-day MA, and 25.07% above its 200-day MA.

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  11. NetSuite (N) provides an on-demand integrated business management application suite to businesses and divisions of companies worldwide. The stock is currently trading around 9% above its 20-day moving average, 16% above its 50-day MA, and 26% above its 200-day MA.

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Find more stock analysis and screens at Kapitall.com.

Tickers Mentioned: Tickers: GLUU, DDD, LORL, KNOL, LOGI

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