Free Open Access: Laps Up 5% or More
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
Laps Up 5% or More list, which will be available until around 1 PM
Monday afternoon.
These are stocks that lap up by 5% or more and are trading below their
200-day moving average. Our research shows that stocks trading below
their 200-day moving average that lap up by more than 5% have shown negative
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 lap up, 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.
Jabil Circuit
(
JBL |
Quote |
Chart |
News |
PowerRating)
JBL is in a confirmed downtrend, trading well below its 200-day moving
average. To simplify that idea, JBL has lost more money over the past 200 days
than it has gained; this is, by technical definition, a weak stock. The
TradingMarkets mantra is to “buy weakness, and sell strength,” and that is what
we are looking to do here. We have a weak stock, trading below its average, that
suddenly gaps up around 10%. Our database of literally millions of trades tells
us that when a weak stock suddenly makes significant gains into extended
territory, historically, that stock has declined over the next 5 days.
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.