When going through out point and figure charts, we sometimes come across a chart formation that we colloquially refer to as a “moonshot”.  A “moonshot” is when a chart has been in a basing formation or in a trading range for some time and then strongly bursts out of it to the upside.  It’s the ultimate example of a momentum play. What is unique about a moonshot, is it rarely underperforms the market by at least 7.5% (in order to make a 3-box reversal) to allow late investors a chance to get into the action. Instead, it stays in a long column of “Xs” for weeks, months or even years. However, this isn’t a risk-free play into finding a stock that is set to outperform for years to come. Instead, there is always the risk that the thrust on the upside will give way to an equal, if not greater, thrust to the downside as momentum fades since there isn’t even the scent of support nearby. With all the being said, we thought we would share 10 Knowledge Leaders that are currently in a “moonshot” formation for the momentum investors out there (or mean-reversion short sellers).