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.
Arcelor Mittal
(
MT |
Quote |
Chart |
News |
PowerRating) & Mastercard
(
MA |
Quote |
Chart |
News |
PowerRating).
MT’s PowerRating (for Traders) is 7, and MA’s PowerRating (for Traders) is
8.
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.
Diamond Offshore
(
DO |
Quote |
Chart |
News |
PowerRating) & Google
(
GOOG |
Quote |
Chart |
News |
PowerRating). DO’s PowerRating
(for Traders) is 7, and GOOG’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.
Gamestop
(
GME |
Quote |
Chart |
News |
PowerRating). GME’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.
Chicago Mercantile Exchange
(
CME |
Quote |
Chart |
News |
PowerRating). CME’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.
Celgene
(
CELG |
Quote |
Chart |
News |
PowerRating). CELG’s PowerRating (for Traders) is 3.
Go to TradingMarkets.com for Today’s Top 25 Stocks.