TradingMarkets Chart of the Day
These are stocks that have a 2-day RSI reading above 98 and
are trading below their 200-day moving average. Our research shows that
stocks trading below their 200-day moving average with a 2-period RSI reading
above 98 have shown negative returns, on average, 1-day and 1-week later.
Historically, these stocks have provided traders with a significant
edge. To learn more about our research into stocks that have a 2-period RSI
above 98, and how to use this information,
click here.
Air delivery and freight service company,
UTi Worldwide Inc.
(
UTIW |
Quote |
Chart |
News |
PowerRating) had a 2-period RSI reading of 98.44 in yesterday’s session. Watch for price to
potentially move back downwards over the next few days.
