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 |
20080313 | MIN | 6.19 | 6.14 | 317118 | 1, 2, 3, 4 | |
20080313 | NWA | 9.86 | -1.00 | 3103095 | 1 | |
20080313 | RCI | 36.46 | -1.00 | 496111 | 1 | |
20080313 | 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!