Quick Hits
I like to take a look at the biggest net change gainers and losers in the
first hour of trading. Often these lists help me to uncover some good
daytrading opportunities during the early trading session.
Earlier this morning, THQ Inc.
(
THQI |
Quote |
Chart |
News |
PowerRating) was on my biggest net
change gainers list. A quick glance at the daily chart showed the stock was in
continuation mode from Friday’s session.
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What this show you is that an intraday pattern that forms has a
good chance of succeeding. When the pullback takes shape on the five-minute
bars, a post goes up at 10:44 AM EDT.
Â
10:44:12
Intraday Setup Alert
THQ Inc. (THQI)
is pulling back from its intraday high. THQI is now up 2.82 at 57.75.
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THQI gained more than 2 points out of the pattern, giving
traders a good start to the day, and hopefully some money in their pockets.
Take a look at the biggest net gainers and losers in the first
hour of trading. They can often ferret out profitable opportunities. We make
this a common practice at TradersWire, and
you can learn to uncover your own as well as the setups we profile.
Until tomorrow,
Duke
P.S. E-man, sorry about your Sixers. I am watching the Lakers
victory parade out my window as I write this.