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.
Grey Wolf
(
GW |
Quote |
Chart |
News |
PowerRating) & Pioneer Drilling
(
PDC |
Quote |
Chart |
News |
PowerRating).
GW’s PowerRating is 6, and PDC’s PowerRating is 6.
Bearish
5+ Consecutive Up Days: 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.
Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) & Pacific Ethanol
(
PEIX |
Quote |
Chart |
News |
PowerRating). JNJ’s
PowerRating is 4, and PEIX’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.
Royal Gold
(
RGLD |
Quote |
Chart |
News |
PowerRating). RGLD’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.
Electronic Arts
(
ERTS |
Quote |
Chart |
News |
PowerRating) & Regency Centers
(
REG |
Quote |
Chart |
News |
PowerRating).
ERTS’s PowerRating is 3, and REG’s PowerRating is 3.
PowerRatings (for Traders) are courtesy of TradingMarkets.com
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.