TradingMarkets Chart of the Day
These are stocks that lap up by 5% or more and are trading
below their 200-day moving average. Our research shows that stocks
trading below their 200-day moving average that lap up by more than 5% have
shown negative returns, on average, 1-day, 2-days and 1-week later.
Historically, these stocks have provided traders with a significant edge. To
learn more about our research into stocks that lap up, and how to use this
information,
click here.
Nuvelo
(
NUVO |
Quote |
Chart |
News |
PowerRating) has been trading below its 200-day moving average since 12/8/06,
showing us that it is in a confirmed downtrend.Â
Click here for detailed research on the 200-day moving average by Ashton
Dorkins and Larry Connors. In
Tuesday’s session (3/27/2007), NUVO lapped up 30%. Watch for price to
potentially move back downwards over the next few days.
