TradingMarkets 7 Trading Ideas for Today

By | TradingMarkets.com | June 11, 2007 12:00 AM
Symbols: AA, MRK, MAT, RE, LDG

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.


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.




Longs Drug Store ( LDG | Quote | Chart | News | PowerRating) & Mattel ( MAT | Quote | Chart | News | PowerRating).

LDG's PowerRating is 7, and MAT's PowerRating is 7.



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.



Alcoa ( AA | Quote | Chart | News | PowerRating). AA's PowerRating is 6.



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.



Merck ( MRK | Quote | Chart | News | PowerRating) & Everest Re Group ( RE | Quote | Chart | News | PowerRating). MRK's PowerRating is 7, and RE's PowerRating is 7.





Bearish




5+ Consecutive Up Days: 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.



Mannatech ( MTEX | Quote | Chart | News | PowerRating). MTEX's PowerRating is 3.




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.



FreightCar America ( RAIL | Quote | Chart | News | PowerRating). RAIL's PowerRating is 3.



PowerRatings (for Traders) are courtesy of TradingMarkets.com



Reminder: We are in no way recommending the purchase or sale of these options. 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.

Original publication: June 11, 2007

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