6 Stocks Showing Momentum As The Market Rebounds

Don't call it a comeback, but the market attempted to rally last week after a worrisome Monday decline. The S&P 500 closed above 5500 on Friday for the first time since President Donald Trump announced a 90-day pause on levying his reciprocal tariffs.

While the benchmark index was still 150 points below its pre-tariff announcement level, investors are gaining confidence that the steepest import taxes will be reduced or disregarded entirely.

Given this week’s rocky start, it’s still too early to call the bear market over. But it’s a good time to start looking for stocks that are building short-term momentum.

Today, we'll look at six stocks with promising technical trends that are driving their prices up.

We’re focusing on stocks with a minimum 98 Momentum score from Benzinga Edge that could be poised for an upward move over the next few weeks.

Rigetti Computing Inc. 

Benzinga Edge Momentum Score: 99.86

Quantum computing stocks were one of 2025's first significant new investment trends, and Rigetti Computing RGTI, which manufactures quantum computers and superconducting processors, was one of the most prominent winners. The company's stock was trading under $1.50 around Thanksgiving before a parabolic breakout saw shares reach $20 by the first week of January. The exponential rally fizzled shortly thereafter, but the stock is still well above its pre-Thanksgiving average and could be coiling up for the next move higher.

RGTI shares have traded in a tight range since the beginning of March, and the price appears to have found support around the $7.50 level, with a potential double-bottom formation. Another short-term bullish signal comes from the exponential moving average (EMA), which puts more emphasis on recent prices than the simple moving average (SMA). The 5-day EMA crossed over the 10-day last week and the stock has been up for four straight days since. Rigetti reports earnings on May 8, which could provide another catalyst for a stock that's already showing uptrending technical signs. 

Nutex Health Inc. 

Benzinga Edge Momentum Score: 99.94

Nutex NUTX is a small-cap medical services company that owns healthcare facilities like microhospitals and outpatient centers. The company also offers cloud-based services for billing, human resources, accounting and legal. The stock soared to a multi-year high following a blowout earnings report at the start of April in which the company reported $257 million in quarterly revenue, an upside surprise of more than 200%.

NUTX shares had been showing promising signals before this breakout. The 50-day SMA crossed over the 200-day SMA in September, known as a Golden Cross, and has since served as a support level for the share price. But the stock quickly became overbought, and a sell signal from the Relative Strength Index (RSI) coincided with a multiday losing streak. However, the uptrend is still in place, and the RSI is back below the overbought trigger point of 70. Keep an eye on this one and remember the 50-day SMA's former role as a support level.

Rocket Lab USA Inc. RKL

Benzinga Edge Momentum Score: 99.46

Rocket Lab USA RKLB builds and launches its spacecraft through three product families: the Neutron and Electron launch vehicles and the Photon satellite system. The company offers civil and commercial services and has put multiple objects into orbit. RKLB shares broke out of a multi-year range in October and reached a new all-time high in January, achieving a gain of more than 200% in just three months.

RLKB shares failed to launch in 2025, however, dropping back under $20 per share and languishing in a constrictive range. The price dipped below the 50-day SMA in February but recently regained momentum by breaking through the 50-day SMA for the first time in two months. The RSI remains below the overbought threshold, indicating this breakout could have strength moving forward.

VNet Group Inc. 

Benzinga Edge Momentum Score: 98.58

VNet Group VNET operates data centers across the Beijing and Shanghai areas and counts high-profile firms like Alibaba and Tencent as clients. Like Rocket Lab, VNET shares had a parabolic explosion earlier this year before retreating. The stock climbed as high as $15.34 before settling back under $5.00 earlier this month.

This selloff may be overdone, though, as technical signals are pointing at a reversal. The RSI has dipped under 30 multiple times in April, signaling oversold conditions. Additionally, the stock has been trading below its 5-day and 10-day EMAs, but the gap between these two numbers is closing, and the share price is now above the 5-day mark. If the 5-day EMA crosses above the 10-day EMA, it will trigger another bullish signal, and this two-month downtrend could see a quick reversal.

Hallador Energy Co. 

Benzinga Edge Momentum Score: 98.40

If you want an example of a breakout following the 5-day EMA crossing the 10-day EMA, look at Hallador Energy HNRG, a company that mines coal in Indiana. Hallador has tailwinds from the Trump administration's renewed interest in coal, and the stock also has some technical patterns pointing to a move higher.

The stock is already up over 50% in the last three months, and the 5-day/10-day EMA cross heralded another massive green candle, taking the stock from $11 to $14.69 in under three weeks. The bullish momentum remains in place, as the stock price is trading above the 5-day and 10-day EMAs while the RSI is still not in overbought territory. 

Archer Aviation Inc. 

Benzinga Edge Momentum Score: 98.61

Archer Aviation ACHR has had a turbulent time lately, jumping from $3.21 to $11.51 in under two months before dropping back under $7 earlier this month. Like most stocks on our list, ACHR shares had a significant uptrend stall out recently and now show signs of a turnaround.

ACHR shares had been fading for multiple weeks but recently broke out of this slump by punching through a downward trendline that had been in place since mid-February. A bullish crossover accompanied this breakout on the MACD, which lends support to the breakout being legitimate. A potential catalyst for the move is a Buy reiteration from Needham on April 21, which places a $13 price target on the stock, indicating a possible upside of more than 51%.

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