TradingMarkets Chart of the Day
For today’s Chart of the Day, let’s take a look at the
Stocks Ready To Surge list published each day on the
Indicators
page. These are the stocks that today made new 10-day lows that are still
in an uptrend as they are trading above their 200-day moving average. They are
sorted in rank according to how over-extended they are vs. their 10-day moving
average. Traders should use this Indicator list to filter through stocks
experiencing a pullback, and always trade at their own discretion and use
position sizing.
Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) has been
trading above its 200-day moving average since May. This is a strong,
uptrending stock. Yesterday and today the stock has moved further and
further lower, away from its short-term (10-day) moving average. Watch for
price to bounce back, as the stock resumes its upward trend.
John Patrick Lee