10 shares with positive momentum for Q1 2024

This year, the festive period came early for our Momentum Classics screen. The quarterly screen, which takes long or short positions in recent risers and fallers in the FTSE 100, aims to capture the tendency for price trends to play out over weeks and months. Its last run out in mid-September, produced a batch of stocks that went on to do exactly that.

The longs – the 10 UK blue-chips whose share prices climbed the most in the preceding three months – gained a handy 7.5 per cent in the period, compared with a 2.4 per cent decline in the shorts. As I’ve outlined in previous editions of the screen, while it’s worth keeping track of those sliding names, we are primarily interested in positive momentum.