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.
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.
eBay
(
EBAY |
Quote |
Chart |
News |
PowerRating). EBAY’s PowerRating (for Traders) is 7.
5+ Consecutive Lower Lows: 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.
Metal Management
(
MM |
Quote |
Chart |
News |
PowerRating). MM’s PowerRating (for Traders) 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.
Omnivision Technologies
(
OVTI |
Quote |
Chart |
News |
PowerRating) & Bankrate
(
RATE |
Quote |
Chart |
News |
PowerRating).
OVTI’s PowerRating (for Traders) is 9, and RATE’s PowerRating (for Traders) is
9.
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.
Cummins
(
CMI |
Quote |
Chart |
News |
PowerRating). CMI’s PowerRating (for Traders) is 8.
Bearish
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.
Beazer Homes
(
BZH |
Quote |
Chart |
News |
PowerRating) & Steve Madden
(
SHOO |
Quote |
Chart |
News |
PowerRating).
BZH’s PowerRating (for Traders) is 3, and SHOO’s PowerRating (for Traders) is 4.
Go to TradingMarkets.com for Today’s Top 25 Stocks.