TradingMarkets 7 Trading Ideas for Today
Here are 7 trading ideas for today. These lists come directly from the
TradingMarkets Stock Indicators page and are based upon our latest
quantitative research.
Bullish
Laps Down 5% or More: These are stocks that lap down by 5% or more
and are trading above their 200-day moving average. Our research shows that
stocks trading above their 200-day moving average that lap down by more than
5% have shown positive returns, on average, 1-day, 2-days and 1-week later.
Historically, these stocks have provided traders with a significant edge.
ICO Incorporated
(
ICOC |
Quote |
Chart |
News |
PowerRating).
ICOC’s PowerRating (for Traders) is 5.
5+ Consecutive Down Days: These are stocks that have closed down for
five or more consecutive days and are trading above their 200-day moving
average. Our research shows that stocks trading above their 200-day moving
average that close down for five or more days have shown positive returns, on
average, 1-day, 2-days and 1-week later. Historically, these stocks have
provided traders with a significant edge.
Actuate
(
ACTU |
Quote |
Chart |
News |
PowerRating). ACTU’s PowerRating
(for Traders) is 6.
Bearish
Laps Up 5% or More: 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.
CSK Auto
(
CAO |
Quote |
Chart |
News |
PowerRating). CAO’s
PowerRating (for Traders) is 4.
5+ Consecutive Up Days: These are stocks that have closed up for
five or more consecutive days and are trading below their 200-day moving
average. Our research shows that stocks trading below their 200-day moving
average that close up for five or more days have shown negative returns, on
average, 1-week later. Historically, these stocks have provided traders with a
significant edge.
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating). DNA’s
PowerRating (for Traders) is 3.
5+ Consecutive Higher Highs: These are stocks that have made a
higher high for five or more consecutive days and are trading below their
200-day moving average. Our research shows that stocks trading below their
200-day moving average that make higher highs for five or more days have shown
negative returns, on average, 1-day, 2-days and 1-week later. Historically,
these stocks have provided traders with a significant edge.
Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating).
MOT’s PowerRating (for Traders) is 4.
2-Period RSI Above 98: These are stocks that have a 2-day RSI
reading above 98 and are trading below their 200-day moving average. Our
research shows that stocks trading below their 200-day moving average with a
2-period RSI reading above 98 have shown negative returns, on average, 1-day
and 1-week later. Historically, these stocks have provided traders with a
significant edge.
Abraxis Bioscience
(
ABBI |
Quote |
Chart |
News |
PowerRating).
ABBI’s PowerRating (for Traders) is 3.
Stocks Up 10% or More: These are stocks that have gained 10% or more
over the past five days and are trading below their 200-day moving average.
Our research shows that stocks trading below their 200-day moving average that
have gained 10% or more over the past five days have shown negative returns,
on average, 1-week later. Historically, these stocks have provided traders
with a significant edge.
W&T Offshore
(
WTI |
Quote |
Chart |
News |
PowerRating). WTI’s PowerRating
(for Traders) is 4.
PowerRatings (for Traders) are courtesy of TradingMarkets.com