7 Stocks You Need To Know For Today 9Oct06

7 Stocks You Need To Know For Today
Friday October 6, 8:39 am ET
By TradingMarkets Research


Here are 7 stocks to watch for today. This list comes directly from the TM Stocks Indicators page. TradingMarkets subscribers can obtain the full list of candidates and learn how to apply the results in actual trading by clicking on the individual links. Subscribers can also use the TradingMarkets Stock Scanner, to find potential setups, the Market Bias Indicators, to help determine short-term market direction, and the Intermediate-Term Timing Models.
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Stocks Ready To Surge: These are the stocks that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals.

Merck (NYSE:MRK - News)

Pullback List: Most successful momentum-based traders and money managers like to buy strong stocks after they pull back. TradingMarkets.com uses a proprietary mathematical model to identify up to 30 (in weak or choppy markets there will be fewer) of the strongest stocks that have pulled back from recent highs. These stocks should be considered potential candidates to resume their longer-term uptrends.

H.B. Fuller Company (NYSE:FUL - News)

Long Windows Candidates: These are stocks which are in a strong uptrend, as determined by a proprietary trend filter and whose current bar has its high below the 4-day moving average. Historically, these stock on average have had a larger than normal short-term upside reversals. In order for us to be a buyer of a "Trading Window," we must have a 10-period ADX reading of 30 or higher and a +DI reading above the -DI reading. Or we must have a 14-period +DI of 30 or higher (with no ADX reading required). Single Windows are the most common type of Windows. They are simply a single bar which has its high of the day below the 4-period moving average. You will enter if the stock trades above yesterday's high.

Progress Energy (NYSE:PGN - News)

Trading Where The Action Is: This list contains the most volatile stocks over the past 50 trading days. These stocks are only for the most aggressive traders who are willing to assume a high degree of risk in order to capture larger gains.

Rackable Systems (NASDAQ:RACK - News)

Explosion List: An inherent feature of all markets is that periods of lower-than-normal volatility are usually followed by periods of higher volatility. These stocks are trading at one-third or less of their normal volatility and therefore have a high likelihood of exploding within the next few trading days.

Avid Technology (NASDAQ:AVID - News)

Stocks Ready To Drop: These are the stocks that today made new 10-day highs that are still in an downtrend as they are trading below their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term downside reversals.

eBay (NASDAQ:EBAY - News)

Short Windows Candidates: These are stocks which are in a strong downtrend, as determined by a proprietary trend filter and whose current bar has its low above the 4-day moving average. Historically, these stock on average have had a larger than normal short-term downside reversals. In order for us to have a sell signal, the 10-period ADX must be 30 or higher and the -DI must be greater than the +DI. Or we must have a 14-period -DI reading of above 30 (with no ADX reading required). Single Windows are the most common type of Windows. They are simply a single bar which has its low of the day above the 4-period moving average. You will enter if the stock trades below today's low.

Altria Group (NYSE:MO - News)

Reminder: We are in no way recommending the purchase or short 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. Controlling risk through the use of protective stops is critical