Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.
Date | Sym | L/S | Close | MA(200) | Vol MA(100) | Reason |
20080312 | CHTT | 69.01 | 68.57 | 407571 | 1 | |
20080312 | IMCL | 42.44 | 40.05 | 1276476 | 1 | |
20080312 | MIN | 6.2 | 6.14 | 309985 | 1, 2 | |
20080312 | NWA | 10.25 | -1.00 | 3064852 | 1, 2, 3 | |
20080312 | RCI | 36.95 | -1.00 | 492897 | 1, 2 | |
20080312 | VION | .4 | -1.00 | 366935 | 1, 2, 3 |
1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.
Happy Trading!