Free Open Access: 5+ Consecutive Down Days
TradingMarkets subscribers have access to
16 quantitative
stock indicators and another
17 quantitative market bias indicators. These indicators are derived from
our proprietary database that includes millions of trades, and designed to give
you a short-term trading edge.
There are 8 bullish and 8 bearish stock indicators, providing trading ideas for
both rising and falling markets. When used in conjunction with the market bias
indicators, traders can potentially achieve a substantial edge.
Each day, we provide free open access to one of these proprietary stock
indicators. If you would like to access all 16 stock indicators, 17 market bias
indicators, along with many other tools, click here for a free
focus list comes from our
5+ Consecutive Down Days list, which will be available until around 1 PM
Monday afternoon.
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-week later.
Historically, these stocks have provided traders with a significant edge. To
learn more about our research into stocks that make five, or more, consecutive
down days, and how to use this information,
click here.
Let’s take a closer look a chart from the list above. Keep in
mind that this is only one example from the indicator list, and that we are not recommending a trade
in this particular stock. Traders should always create individual focus lists
and radar screens based on their own information and trading strategies, instead
of blindly following other people’s recommendations.
WellPoint
(
WLP |
Quote |
Chart |
News |
PowerRating)
WLP is in a confirmed uptrend, trading above its 200-day moving
average. Stocks trading above their 200-day average have had more winning days
in the last 200 days than losers, so on a medium-term historical basis, this
stock is a proven winner. In WLP’s case, price is actually beginning to come
close to the actual average, which technical analysts would call support.
Notwithstanding common ideas about support, WLP is trading above its average, so
by definition, this is an uptrending stock. Our database of literally millions
of trades proves that historically, these types of conditions lead to short-term
moves higher. The TradingMarkets mantra is to “buy weakness, and sell strength.”
When a technically strong stock begins to become stretched to the downside, the
oversold conditions create a bullish edge.
You can find the full list
here. Also, Check out our
latest quantified research articles
here. If you don’t already have a TradingMarkets subscription, click here
for a free 7-day trial. Check back daily for
7 Trading Ideas for Today,
and develop your own watchlist of stocks with historically-backed edges.
John Lee
Associate Editor
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.