Chartists on the lookout for momentum leaders ought to take into account a couple of timeframe. A inventory could also be main during the last 200 days, however lagging during the last 100 days. Equally, a inventory may present massive features the final 100 days, however nonetheless be down during the last 200 days. Measuring efficiency over totally different timeframes permits us to establish shares which are persistently robust.

The primary chart exhibits TJX Cos (TJX) with the Fee-of-Change (ROC) indicator protecting 100, 150 and 200 days. Hench, the three ROCs. Fee-of-Change is solely the share change over the given timeframe. TJX is up round 29% during the last 200 days (backside window) and up round 20% during the last 150 days. Nevertheless, it’s flat during the last 100 days and is faltering on this timeframe (yellow shading). TJX is just not a constant and protracted chief as a result of it’s dragging its ft on the 100-day timeframe.

The subsequent chart exhibits HubSpot (HUBS) and the three ROCs inform a distinct story. All three are above 50% and displaying power over all three timeframes. HUBS is a constant and protracted chief proper now. This can be a title we went on our watch record for tradable pullbacks or in a portfolio of momentum leaders.

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