TradingMarkets Chart of the Day
These are stocks that have made a higher high for five or more
consecutive days and are trading below their 200-day moving average. Our
research shows that stocks trading below their 200-day moving average that make
higher highs for five or more days have shown negative returns, on average,
1-day, 2-days and 1-week later. Historically, these stocks have
provided traders with a significant edge. To learn more about our research into
stocks that make five or more consecutive lower lows, and how to use this
information,
click here.
BP Prudhoe Bay Royal Trust
(
BPT |
Quote |
Chart |
News |
PowerRating) has been trading below its 200-day moving average since 1/3/07
(currently at 73.44),
showing us that it has been trending downwards.Â
Click here for detailed research on the 200-day moving average by Ashton
Dorkins and Larry Connors. In
Monday’s session (3/26/2007), BPT moved up for the fifth straight session. Watch for price to
potentially move back downwards over the next few days.
Remember: TradingMarkets teaches you to trade pullbacks; use
your knowledge of the trend to get a better buy-in price before the stock
resumes direction.