Momentum investing is such a simple idea (buying stocks that have been going up and selling those that have been going down) that it is surprising it works at all. Since inception my blue-chip momentum screen, which tracks the 10 best and worst performing FTSE 100 shares, has racked up a noteworthy performance record, although the numbers are certainly more impressive on the ‘long’ side of the equation than the ‘short’ side.
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