Momentum trading operates on the principle that strong stocks will continue their upward trajectory while weak stocks will keep declining. Therefore, I present the following momentum stocks, which could be solid buys now. These stocks are currently trading above their 50-day and 200-day moving averages.
Hence, as the market anticipates the Federal Reserve will cut interest rates, this might be the time to invest in these quality high-momentum stocks.
This post originally appeared at StockNews.com.