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 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.
NxStage Medical
(
NXTM |
Quote |
Chart |
News |
PowerRating) & United Fire & Casualty
(
UFCS |
Quote |
Chart |
News |
PowerRating).
NXTM’s PowerRating (for Traders) is 7, and UFCS’s PowerRating (for Traders) is
6.
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.
Southwest Water
(
SWWC |
Quote |
Chart |
News |
PowerRating)
SWWC’s PowerRating (for Traders) is 7.
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.
Accredited Home Lenders
(
LEND |
Quote |
Chart |
News |
PowerRating)
LEND’s PowerRating (for Traders) 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.
Cutera
(
CUTR |
Quote |
Chart |
News |
PowerRating).
CUTR’s PowerRating (for Traders) 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.
JDS Uniphase
(
JDSU |
Quote |
Chart |
News |
PowerRating)
JDSU’s PowerRating (for Traders) 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.
Rackable Systems
(
RACK |
Quote |
Chart |
News |
PowerRating)
RACK’s PowerRating (for Traders) is 2.
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.