TradingMarkets Chart of the Day
For today’s Chart of the Day, let’s take a look at the
Stocks Ready To Surge list published each day on the
Indicators
page. These are the stocks that today made new 10-day lows that are still
in an uptrend as they are trading above their 200-day moving average. They are
sorted in rank according to how over-extended they are vs. their 10-day moving
average.
Nicor
(
GAS |
Quote |
Chart |
News |
PowerRating) has been
trading in a confirmed uptrend, above its 200-day moving average, since the
beginning of July. This is an upwardly trending stock. On September
22, GAS pushed hard down towards its 200-day moving average, making new monthly
lows. Watch for GAS to bounce, resuming its uptrend, over the next few
days.
At TradingMarkets, we look for pullbacks to maximize gains
over the next five days. Use your knowledge of the trend to get a better
buy-in on your price.