Free Open Access: Stocks Down 10% 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
Stocks Down 10% or More list, which will be available until around 1 PM
Monday afternoon.
These are stocks that have lost 10% or more over the past five days and are
trading above their 200-day moving average. Our research shows that
stocks trading above their 200-day moving average that have lost 10% or more
over the past five 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 have that have lost 10%
or more over the past five 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.
Spartan Motors
(
SPAR |
Quote |
Chart |
News |
PowerRating)
Spartan Motors (SPAR) is trading well above its 200-day moving
average, in a confirmed uptrend. SPAR has literally doubled its price since the
beginning of this year, so this stock’s recent track record could be considered
stellar; this is a strong, uptrending stock. Over the past month, SPAR has lost
about 25% of its value, creating a stretched, oversold conditions for this
stock’s technical indicators. The TradingMarkets mantra is to “buy weakness, and
sell strength,” and that is exactly what we would be looking to do here. Our
database of millions of trades proves that when a strong stock pulls back to
extended, weak levels, on average, that stock has made gains over the next five
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.