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.
Varian Medical Systems
(
VAR |
Quote |
Chart |
News |
PowerRating) has been trading below its 200-day moving average since 2/21/07,
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
Thursday’s session (03/16/2007), VAR moved up for the sixth 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.