TradingMarkets Chart of the Day
These are stocks that lap down by 5% or more and are trading
above their 200-day moving average. Our research shows that stocks
trading above their 200-day moving average that lap down by more than 5% have
shown positive 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 lap down, and how to use this
information,
click here.
Allegheny Tech
(
ATI |
Quote |
Chart |
News |
PowerRating) has been trading above its 200-day moving average since 6/27/05,
showing us that it been trending strongly upwards.Â
Click here for detailed research on the 200-day moving average by Ashton
Dorkins and Larry Connors. In
Tuesday’s session (02/27/2007) ATI gapped down 5.2%. Watch for price to
potentially move back upwards over the next few days.
Use gap downs over 5% to get a better price on your buy-in.
Trending stocks give traders great opportunities for easy action.