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StockNews.com
StockNews.com
Business
Nidhi Agarwal

3 High-Momentum Stocks to Ride the Market Wave

Momentum Wes ASX Western Midstream Partners Inflation LP

Momentum trading operates on the principle that strong stocks will continue their upward trajectory while weak stocks will keep declining. Therefore, I present momentum stocks ASE Technology Holding Co., Ltd. (ASX), Western Midstream Partners, LP (WES), and Navigator Holdings Ltd. (NVGS), which could be solid buys now. These stocks are currently trading above their 50-day and 200-day moving averages.

Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. Consumer prices rose 3.3% on a 12-month basis in May compared to 3.4% in April, according to data released by the Bureau of Labor Statistics.

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