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.
Celgene
(
CELG |
Quote |
Chart |
News |
PowerRating). CELG’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.
Abercrombie & Fitch
(
ANF |
Quote |
Chart |
News |
PowerRating). ANF’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.
Everest Re Group
(
RE |
Quote |
Chart |
News |
PowerRating) & Mastercard
(
MA |
Quote |
Chart |
News |
PowerRating). RE’s
PowerRating (for Traders) is 7, and MA’s PowerRating (for Traders) is 8.
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.
Jinpan International
(
JST |
Quote |
Chart |
News |
PowerRating) & Schlumberger
(
SLB |
Quote |
Chart |
News |
PowerRating).
JST’s PowerRating (for Traders) is 8, and SLB’s PowerRating (for Traders) is 7.
Bearish
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.
Steve Madden
(
SHOO |
Quote |
Chart |
News |
PowerRating). SHOO’s PowerRating (for Traders)
is 1.
Go to TradingMarkets.com for Today’s Top 25 Stocks.