TradingMarkets 7 Trading Ideas for Today
Here are 7 trading ideas for today. These lists come directly from the TradingMarkets Stock Indicators page and are based upon our latest quantitative research.
Bullish
5+ Consecutive Down Days: 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. Historically, these stocks have provided
traders with a significant edge.
Cambrex Corporation
(
CBM |
Quote |
Chart |
News |
PowerRating). CBM’s PowerRating is 7.
2-Period RSI Below 2: 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.
Liz Claiborne
(
LIZ |
Quote |
Chart |
News |
PowerRating). LIZ’s PowerRating is 6.
Stocks Down 10% or More: 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-day, 2-days and 1-week
later. Historically, these stocks have provided traders with a significant edge.
Take-Two Interactive Software
(
TTWO |
Quote |
Chart |
News |
PowerRating). TTWO’s PowerRating is 9.
Bearish
5+ Consecutive Up Days: These are stocks that have closed up for five or more
consecutive days and are trading below their 200-day moving average. Our
research shows that stocks trading below their 200-day moving average that
close up for five or more days have shown negative returns, on average, 1-week
later. Historically, these stocks have provided traders with a significant
edge. Historically, these stocks have provided traders with a significant
edge.
Brightpoint
(
CELL |
Quote |
Chart |
News |
PowerRating). CELL’s PowerRating is 3.
5+ Consecutive Higher Highs: These are stocks that have made a higher high for five or more consecutive days
and are trading below their 200-day moving average. Our research shows that
stocks trading below their 200-day moving average that make higher highs for
five or more days have shown negative returns, on average, 1-day, 2-days and
1-week later. Historically, these stocks have provided traders with a
significant edge.
Constellation Brands
(
STZ |
Quote |
Chart |
News |
PowerRating). STZ’s PowerRating is 3.
2-Period RSI Above 98: These are stocks that have a 2-day RSI reading above 98 and
are trading below their 200-day moving average. Our research shows that stocks
trading below their 200-day moving average with a 2-period RSI reading above
98 have shown negative returns, on average, 1-day and 1-week later.
Historically, these stocks have provided traders with a significant edge.
Suncor Energy
(
SU |
Quote |
Chart |
News |
PowerRating). SU’s PowerRating is 3.
Stocks Up 10% or More: These are stocks that have gained 10% or more
over the past five days and are trading below their 200-day moving average. Our
research shows that stocks trading below their 200-day moving average that have
gained 10% or more over the past five days have shown negative returns, on
average, 1-week later. Historically, these stocks have provided traders with a
significant edge.
Omnivision Technologies
(
OVTI |
Quote |
Chart |
News |
PowerRating). OVTI’s PowerRating is 3.
PowerRatings are courtesy of PowerRatings.net
Reminder: We are in no way recommending the
purchase or sale of these options. 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.