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
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.
Fannie Mae
(
FNM |
Quote |
Chart |
News |
PowerRating). FNM’s PowerRating (for Traders) is 6.
5+ Consecutive Lower Lows: These are stocks that have made a lower
low 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 make lower lows 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.
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating). BA’s PowerRating (for Traders) is 7.
2-Period RSI Below 2: These are stocks that have a 2-period RSI
reading below 2 and are trading above their 200-day moving average. Our
research shows that stocks trading above their 200-day moving with a 2-period
RSI reading below 2 have shown positive returns, on average, 1-day, 2-days and
1-week later. Historically, these stocks have provided traders with a
significant edge.
Tempur-Pedic
(
TPX |
Quote |
Chart |
News |
PowerRating). TPX’s PowerRating (for Traders) is 8.
Bearish
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.
Tribune
(
TRB |
Quote |
Chart |
News |
PowerRating). TRB’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.
Boston Scientific
(
BSX |
Quote |
Chart |
News |
PowerRating). BSX’s PowerRating (for Traders) is 3.
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.
W&T Offshore
(
WTI |
Quote |
Chart |
News |
PowerRating). WTI’s PowerRating (for Traders) is 4.
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.
LJ International
(
JADE |
Quote |
Chart |
News |
PowerRating). JADE’s PowerRating (for Traders) is 4.
Go to TradingMarkets.com for Today’s Top 25 Stocks.
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