TradingMarkets 7 Trading Ideas for Today
Here are 7 trading ideas for today. This list comes directly
from the TradingMarkets Stock Indicators page and
is based upon our latest
quantitative research.
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
access the
Market Bias Indicators, to help determine short-term market direction.
Futures and options traders can access our daily
Options
Indicators and
Futures
Indicators.
Plus, don’t forget to use
the free
TradingMarkets Stock Scanner to find
more potential setups.
Bullish
These are stocks that gap down by 5% or more and are trading
above their 200-day moving average. Our research shows that stocks trading
above their 200-day moving average that gap down by more than 5% 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 gap down, and how to use this information,
click here.
Estee Lauder
(
EL |
Quote |
Chart |
News |
PowerRating)
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. To learn more about our research into stocks
that make five or more consecutive down days, and how to use this information,
click here.
Stein Mart
(
SMRT |
Quote |
Chart |
News |
PowerRating)
These are stocks that have made a lower low 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
make lower lows 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. To learn more about our research into stocks
that make five or more consecutive lower lows, and how to use this
information,
click here.
AGL Resources
(
ATG |
Quote |
Chart |
News |
PowerRating)
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.
Odyssey Re Holdings
(
ORH |
Quote |
Chart |
News |
PowerRating) & CEC Entertainment
(
CEC |
Quote |
Chart |
News |
PowerRating)
Bearish
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. To learn more about our research into stocks that make five or more
consecutive up days, and how to use this information,
click here.
Franklin Bank
(
FBTX |
Quote |
Chart |
News |
PowerRating)
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. To learn more about our research
into stocks that make five or more consecutive lower lows, and how to use this
information,
click here.
Enerplus Resources Fund
(
ERF |
Quote |
Chart |
News |
PowerRating)
John Lee
Associate Editor
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Reminder: We are in no way recommending the purchase or 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.