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 |
20080317 | GSX | 2.32 | 2.17 | 687055 | 1 | |
20080317 | PSD | 26.1 | 25.59 | 908655 | 1 | |
20080317 | RCI | 34.36 | -1.00 | 503403 | 1 | |
20080317 | 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!