Moody’s Recap, Boeing Highlight
Last week, we looked at Moody’s Corporation as a potential trading
candidate from our list of
Stocks Up 10% or More. Each day, we publish a list of stocks which meet
our proprietary indicator criteria. Basically, we are looking for stocks that
have swung to extended lows or highs, levels that have historically led to
short-term moves.
Moody’s
(
MCO |
Quote |
Chart |
News |
PowerRating) had a PowerRating (for Traders) of 3 last Thursday,
and had closed more than 10% higher for the last 5 days. Markets (and stock
prices) tend to swing from oversold extremes to overbought extremes, and vice
versa. In MCO’s case, price fell 6% in just 4 trading days.
Our TradingMarkets Indicators are backed by historically quantified data,
with a database of literally millions of trades. We have successfully mapped a
number of short-term price movement patterns, and we use that knowledge to find
and exploit edges in stocks every single day.
Moody’s
(
MCO |
Quote |
Chart |
News |
PowerRating) fell 5.9% in 4 trading days.
Because they are backed by historical research, TradingMarkets Indicators
provide an edge based on facts, not opinion. There is no second-guessing when we
say that stocks that have risen more than 10% in 5 days have a historical edge
to the downside in the short-term.
Today, we’ll open up the
5+ Consecutive Down Days list to the public. 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-day, 2-days and 1-week later.
Historically, these stocks have provided traders with a significant edge.
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) has a PowerRating (for Traders) of 7. After falling for
5 straight days, BA is trading at a level which have historically led to
short-term gains.
