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. These are simple pullback strategies; we are looking for a
trending stock to move against the trend, and catch a better price before price
resumes its direction.
Electronic Arts
(
ERTS |
Quote |
Chart |
News |
PowerRating) has been trading in a confirmed uptrend, above its 200-day moving
average, since the beginning of September. On Tuesday, ERTS made new 10-day
lows before pulling back and finishing in the green for the day. Watch for ERTS to
push higher, after testing new lows and making a strong intra-day move higher.
Use pullbacks to get a better buy-in price on a trending
stock.
Darren Wong