How to find short-term upside reversals

In today’s Chart of the Day, we’re going to look at the

Stocks Ready To Surge

This list contains stocks that today made new 10-day lows that are still in an
uptrend as they are trading above their 200-day
moving average.
They are sorted in rank according to how over-extended they are vs. their 10-day
MA. For example, the top ranked stock is trading the furthest distance from its
10-day MA on a percentage basis. Historically, these stocks on average have had
larger than normal short-term upside reversals.

US Bancorp
Quote |
Chart |
News |

1. 10-day low.

2. Trading above 200-day MA.

3. Distance from 10-day MA (percentage basis).

In the days to come we’ll show you more of these examples on both the long and
short side. I’ve enjoyed showing you this Chart of the Day, please feel free to
email me at
if you have any questions or comments.

Ashton Dorkins


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. Controlling risk through the use of protective stops is critical.