TradingMarkets 7 Trading Ideas for Today

By | TradingMarkets.com | August 21, 2007 12:00 AM
Symbols: WPI, DGII, TRLG


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


Laps Down 5% or More: 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.


True Religion Apparel ( TRLG | Quote | Chart | News | PowerRating).
TRLG's PowerRating (for Traders) is 5.


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.


Watson Pharmaceuticals ( WPI | Quote | Chart | News | PowerRating). WPI's PowerRating (for Traders) is
6.


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.


Digi International ( DGII | Quote | Chart | News | PowerRating). DGII's PowerRating (for Traders) 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.


Elan ( ELN | Quote | Chart | News | PowerRating). ELN's PowerRating is 8.


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.


THQ Incorporated ( THQI | Quote | Chart | News | PowerRating). THQI's PowerRating (for Traders) is 3.


Stocks Up 10% or More: These are stocks that have gained 10% or more
over the past five days and are trading below their 200-day moving average.
Our research shows that stocks trading below their 200-day moving average that
have gained 10% or more over the past five days have shown negative returns,
on average, 1-week later. Historically, these stocks have provided traders
with a significant edge.


MBIA Incorporated ( MBI | Quote | Chart | News | PowerRating) & NBT Bancorp ( NBTB | Quote | Chart | News | PowerRating). MBI's
PowerRating (for Traders) is 6, and NBTB's PowerRating (for Traders) 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: August 21, 2007

How to Successfully Trade ETFs

Do you want to learn how to trade more successfully, more consistently ... and with more confidence? If so, then the TPS strategy is for you.

Hundreds, if not now thousands, of ETF traders successfully use the TPS trading strategy to find the best ETF trade set-ups each day to place winning trades.

FREE NEWSLETTERS

What Stocks and ETFs are headed up and down this week?

Our Weekly Newsletter covers this in dept and gives performance information on the previous week.

TradingMarkets Weekly Newsletter

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Tuesday February 21 01:00 PM
Presented By Phil Suarez
Thursday February 23 12:30 PM
Presented By Kevin Haggerty
* Attendance is strictly limited and seats are filled on a first-come, first-served basis.