Monday, July 30, 2007

Hot Stocks to Watch 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.
Bullish
Our research shows that stocks exhibiting this price behavior, while trading above their 200-day moving average, have on average, shown positive returns 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Gaps Down 5% or More: Volcom (NasdaqGS:VLCM - News). VLCM's PowerRating is 8.
Laps Down 5% or More: Kyocera (NYSE:KYO - News). KYO's PowerRating is 7.
5+ Consecutive Down Days: Raser Technologies (NYSE:RZ - News). RZ's PowerRating is 10. 5+ Consecutive Lower Lows: Gulfport Energy (NasdaqGS:GPOR - News). GPOR's PowerRating is 9.
2-Period RSI Below 2: True Religion Apparel (NasdaqGM:TRLG - News). TRLG's PowerRating is 9.
Bearish
Our research shows that stocks exhibiting this price behavior, while trading below their 200-day moving average, have on average, shown negative returns 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
5+ Consecutive Up Days: ProShares UltraShort Mid Cap 400 (AMEX:MZZ - News). MZZ's PowerRating is 3.
5+ Consecutive Higher Highs: ProShares UltraShort Dow 30 (AMEX:DXD - News). DXD's PowerRating is 4.
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.
PowerRatings (for Traders) are courtesy of TradingMarkets.com

Labels: , , , , , , ,