TradingMarkets 7 Trading Ideas for Today

Here are 7 trading ideas for today. These lists come directly from the TradingMarkets Stock Indicators page and are based upon our latest quantitative research.

TradingMarkets subscribers can obtain the full list of candidates and learn how to apply the results in actual trading by clicking on the individual links. Subscribers can also use the TradingMarkets Stock Scanner to find potential setups, and the Market Bias Indicators to help determine short-term market direction. Futures and options traders can access our daily Options Indicators and Futures Indicators.

Bullish

5+ Consecutive Down Days

These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge. Historically, these stocks have provided traders with a significant edge. To learn more about our research into stocks that make five or more consecutive down days, and how to use this information, click here.
Halliburton (HAL | Quote | Chart | News | PowerRating)

5+ Consecutive Lower Lows

These are stocks that have made a lower low for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that make lower lows for five or more days 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 make five or more consecutive lower lows, and how to use this information, click here.
Take-Two Interactive (TTWO | Quote | Chart | News | PowerRating) & Chemtura (CEM | Quote | Chart | News | PowerRating)

2-Period RSI Below 2

These are stocks that have a 2-period RSI reading below 2 and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving with a 2-period RSI reading below 2 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 have a 2-period RSI below 2, and how to use this information, click here.
Ambassadors International (AMIE | Quote | Chart | News | PowerRating)

Bearish

5+ Consecutive Up Days

These are stocks that have closed up 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 close up for five or more days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge. Historically, these stocks have provided traders with a significant edge. To learn more about our research into stocks that make five or more consecutive up days, and how to use this information, click here.
Whole Foods Market (WFMI | Quote | Chart | News | PowerRating)

5+ Consecutive Higher Highs

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.
Regions Financial Corporation (RF | Quote | Chart | News | PowerRating)

2-Period RSI Above 98

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.
Western Alliance Bancorporation (WAL | Quote | Chart | News | PowerRating)

John Lee
Associate Editor
johnl@tradingmarkets.com

Reminder: We are in no way recommending the purchase or sale of these stocks. This article is intended for education purposes only. Trading should be based on your own understanding of market conditions, price patterns and risk; our information is designed to contribute to your understanding.