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.
Onyx Pharmaceuticals
(
ONXX |
Quote |
Chart |
News |
PowerRating) & NetScout Systems
(
NTCT |
Quote |
Chart |
News |
PowerRating).
ONXX’s PowerRating
(for Traders) is 10, and NTCT’s PowerRating (for Traders) is 10.
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.
Overstock.com
(
OSTK |
Quote |
Chart |
News |
PowerRating). OSTK’s PowerRating (for Traders)
is 10.
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.
Barnes Group
(
B |
Quote |
Chart |
News |
PowerRating). B’s PowerRating (for Traders) is 7.
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.
Gamestop
(
GME |
Quote |
Chart |
News |
PowerRating) & DryShips
(
DRYS |
Quote |
Chart |
News |
PowerRating). GME’s PowerRating
(for Traders) is 7, and DRYS’s PowerRating (for Traders) is 10.
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.
Downey Financial
(
DSL |
Quote |
Chart |
News |
PowerRating). DSL’s PowerRating (for
Traders) is 3.
Go to TradingMarkets.com for Today’s Top 25 Stocks.