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.
American Electric Power
(
AEP |
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.
Talk America Holdings
(
TALK |
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.
Lear Corp
(
LEA |
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.
Colgate-Palmolive
(
CL |
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.
Coventry Health Care
(
CVH |
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.
Apollo Group
(
APOL |
Quote |
Chart |
News |
PowerRating)
For more Stocks Ready to Drop click here.
This list contains the most volatile stocks over the past 50 trading days. These
stocks are only for the most aggressive traders who are willing to assume a high
degree of risk in order to capture larger gains.
New River Pharmaceuticals
(
NRPH |
Quote |
Chart |
News |
PowerRating)
For more Volatile Stocks click here.
John Lee
johnl@tradingmarkets.com
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.