TradingMarkets 7 Stocks You Need To Know For Today
Here are 7 stocks to watch for today. This
list comes directly from the
TM Stocks
Indicators page.
TradingMarkets subscribers can
obtain the full list of candidates and learn how to apply the results in actual
trading by clicking on the individual links. Subscribers can also use the
TradingMarkets
Stock Scanner, to find potential setups, the
Market Bias Indicators, to help determine short-term market direction, and
the
Intermediate-Term Timing Models.
These are the 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 moving average.
For example, the top ranked stock is trading the furthest distance from its
10-day moving average on a percentage basis. Historically, these stocks on
average have had larger than normal short-term upside reversals.
AmSouth
(
ASO |
Quote |
Chart |
News |
PowerRating)
Most successful momentum-based traders and money managers like to buy strong
stocks after they pull back. TradingMarkets.com uses a proprietary mathematical
model to identify up to 30 (in weak or choppy markets there will be fewer) of
the strongest stocks that have pulled back from recent highs. These stocks
should be considered potential candidates to resume their longer-term uptrends.
InterMune
(
ITMN |
Quote |
Chart |
News |
PowerRating)
These are stocks which are in a strong uptrend, as determined by a proprietary
trend filter and whose current bar has its high below the 4-day moving average.
Historically, these stock on average have had a larger than normal short-term
upside reversals. In order for us to be a buyer of a “Trading Window,” we must
have a 10-period ADX reading of 30 or higher and a +DI reading above the -DI
reading. Or we must have a 14-period +DI of 30 or higher (with no ADX reading
required). “Single Windows” are the most common type of Windows. They are simply
a single bar which has its high of the day below the 4-period moving average.
You will enter if the stock trades above yesterday’s high.
American Electric Power Co
(
AEP |
Quote |
Chart |
News |
PowerRating)
This list contains the most volatile stocks over the past 50 trading days. These
stocks are only for the most aggressive traders who are willing to assume a high
degree of risk in order to capture larger gains.
U.S. Global Investors
(
GROW |
Quote |
Chart |
News |
PowerRating)
These are the stocks that today made new 10-day highs that are still in an
downtrend as they are trading below their 200-day moving average. They are
sorted in rank according to how over-extended they are vs. their 10-day moving
average. For example, the top ranked stock is trading the furthest distance from
its 10-day moving average on a percentage basis. Historically, these stocks on
average have had larger than normal short-term downside reversals.
Dell
(
DELL |
Quote |
Chart |
News |
PowerRating)
Most successful momentum-based traders and money managers like to sell weak
stocks after they pull back. TradingMarkets.com uses a proprietary mathematical
model to identify up to 20 (in strong or choppy markets there will be fewer)
weak stocks that have pulled back from recent lows. These stocks should be
considered potential candidates to resume their longer-term downtrends.
Integral Systems
(
ISYS |
Quote |
Chart |
News |
PowerRating)
These are stocks which are in a strong downtrend, as determined by a proprietary
trend filter and whose current bar has its low above the 4-day moving average.
Historically, these stock on average have had a larger than normal short-term
downside reversals. In order for us to have a sell signal, the 10-period ADX
must be 30 or higher and the -DI must be greater than the +DI. Or we must have a
14-period -DI reading of above 30 (with no ADX reading required). “Single
Windows” are the most common type of Windows. They are simply a single bar which
has its low of the day above the 4-period moving average. You will enter if the
stock trades below today’s low.
Ashland
(
ASH |
Quote |
Chart |
News |
PowerRating)
John Lee
johnl@tradingmarkets.com
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.