Get an Edge with the 2-Period RSI Indicator
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.
Today, we’re going to open up a list for free, to give non-subscribers a
chance to see what they are missing.
Today’s free list is the
2-Period RSI Below 2 list.
These are stocks that have a 2-period RSI reading below 2 and are trading
above their 200-day moving average. Our research shows that stocks
trading above their 200-day moving with a 2-period RSI reading below 2 have
shown positive returns, on average, 1-day, 2-days and 1-week later.
Historically, these stocks have provided traders with a significant edge. To
learn more about our research into stocks that have a 2-period RSI below 2, and
how to use this information,
click here.
Let’s look at some charts from this list of stocks.
Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) has a PowerRating (for Traders) of 7.
Crane
(
CR |
Quote |
Chart |
News |
PowerRating) has a PowerRating (for Traders) of 8.
Both of these stocks are trading at extended conditions (OVERSOLD), which
have historically led to a rally in the next five trading days. Watch these
stocks for the next five days, and use our proprietary lists to gain a
historically quantified edge, every single day.