TradingMarkets Chart of the Day
For today’s Chart of the Day, let’s take a look at the
Stocks Ready To Drop list published each day on the
Indicators
page.
These are the stocks that today made new 10-day highs that are still in an
downtrend as they are trading below their 200-day moving average. They are
sorted in rank according to how over-extended they are vs. their 10-day moving
average. Stocks like these may be of interest to traders who are looking for
stocks that may decline on a short-term basis.
Monster
Worldwide
(
MNST |
Quote |
Chart |
News |
PowerRating) has been trading below its 200-day moving
average since the beginning of July. This is a stock which has had a short-term
downside bias. Beginning in October, price began to make a move up towards its
200-day moving average, against the long-term trend. MNST is potentially subject
to resuming its downtrend.
