A Golden Rule…
Every night I help to compile a list of potential daytrading stocks for the
Nightly Daytraders Report. For those
of you unfamiliar with it, or new to trading, there is a simple rule I would
like to share with you that will immediately boost the profit potential of the
list.
Only take a setup from the list if it trades
above the prior day’s high (for longs) or below the previous day’s low (for
shorts)
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Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amsurg Corp. | (AMSG) | 90 | 31.61 | 241,990 | 438,400 |
| Immucor, Inc. | (BLUD) | 99 | 23.93 | 279,267 | 970,363 |
| Entergy Corp. | (ETR) | 82 | 42.19 | 1,088,975 | 755,200 |
| Neurocrine Biosciences | (NBIX) | 98 | 40.11 | 674,081 | 438,400 |
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Entergy
(
ETR |
Quote |
Chart |
News |
PowerRating) appears on the list, but does not trade above
Monday’s high.
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Following this simple rule turns a possible loser into a no
trade. This will keep you away from a lot of losers, thereby increasing the
possibility of finding winning trades.
Until tomorrow,
Duke