7 Trading Ideas for Today
Here are 7 stocks to watch for today. This
list comes directly from the
TM Stocks
Indicators page.
TradingMarkets subscribers can
obtain the full list of candidates and learn how to apply the results in actual
trading by clicking on the individual links. Subscribers can also use the
TradingMarkets
Stock Scanner, to find potential setups, the
Market Bias Indicators, to help determine short-term market direction, and
the
Intermediate-Term Timing Models.
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.
For example, the top ranked stock is trading the furthest distance from its
10-day moving average on a percentage basis. Historically, these stocks on
average have had larger than normal short-term upside reversals.
Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating)
For more Stocks Ready to Surge click here.
Low-Priced Stocks Ready to Surge:
These are the stocks under $10/share 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. For example, the top ranked stock is trading the furthest
distance from its 10-day moving average on a percentage basis. Historically,
these stocks on average have had larger than normal short-term upside reversals.
Please note: All stocks carry risk and low-priced stocks usually come with
even more risk. Always use caution.
Mediacom Communications
(
MCCC |
Quote |
Chart |
News |
PowerRating)
For more Low-Priced Stocks Ready to Surge click here.
Most successful momentum-based traders and money managers like to buy strong
stocks after they pull back. TradingMarkets.com uses a proprietary mathematical
model to identify up to 30 (in weak or choppy markets there will be fewer) of
the strongest stocks that have pulled back from recent highs. These stocks
should be considered potential candidates to resume their longer-term up trends.
Advanced Magnetics
(
AMAG |
Quote |
Chart |
News |
PowerRating)
For more Pullbacks from Highs click here.
These are stocks which are in a strong uptrend, as determined by a proprietary
trend filter and whose current bar has its high below the 4-day moving average.
Historically, these stock on average have had a larger than normal short-term
upside reversals. In order to qualify as a “Trading Window” candidate, we must
have a 10-period ADX reading of 30 or higher and a +DI reading above the -DI
reading. Or we must have a 14-period +DI of 30 or higher (with no ADX reading
required). “Single Windows” are the most common type of Windows. They are simply
a single bar which has its high of the day below the 4-period moving average.
American International Group
(
AIG |
Quote |
Chart |
News |
PowerRating)
For more Long Windows Candidates click here.
These are the stocks that today made new 10-day highs that are still in an
downtrend as they are trading below their 200-day moving average. They are
sorted in rank according to how over-extended they are vs. their 10-day moving
average. For example, the top ranked stock is trading the furthest distance from
its 10-day moving average on a percentage basis. Historically, these stocks on
average have had larger than normal short-term downside reversals.
Arch Coal
(
ACI |
Quote |
Chart |
News |
PowerRating)
For more Stocks Ready to Drop click here.
Most successful momentum-based traders and money managers like to sell weak
stocks after they pull back. TradingMarkets.com uses a proprietary mathematical
model to identify up to 20 (in strong or choppy markets there will be fewer)
weak stocks that have pulled back from recent lows. These stocks should be
considered potential candidates to resume their longer-term downtrends.
Sierra Health Services
(
SIE |
Quote |
Chart |
News |
PowerRating)
For more Stocks Ready to Drop click here.
These are stocks which are in a strong downtrend, as determined by a proprietary
trend filter and whose current bar has its low above the 4-day moving average.
Historically, these stock on average have had a larger than normal short-term
downside reversals. In order to qualify as a “Trading Window” candidate, the
10-period ADX must be 30 or higher and the -DI must be greater than the +DI. Or
we must have a 14-period -DI reading of above 30 (with no ADX reading required).
“Single Windows” are the most common type of Windows. They are simply a single
bar which has its low of the day above the 4-period moving average.
Capital One Financial
(
COF |
Quote |
Chart |
News |
PowerRating)
For more Short Windows Candidates click here.
John Lee
Reminder: We are in no way recommending
the purchase or short sale of these stocks. This article is intended for
education purposes only. Trading should be based on your own understanding of
market conditions, price patterns and risk; our information is designed to
contribute to your understanding.