Think You Know Where the Bottom or Top Is? These Scans Will Help Spot It

Think You Know Where the Bottom or Top Is? These Scans Will Help Spot It

Mar 7, 2007

Bulls and Bears come to Trade-Ideas to place signposts that point to where certain stocks are headed – this is especially easy because much of the information is free and updated daily. Signposts are like road signs that help traders clue into which direction in which to trade. The more signposts a trader puts on along the path, the easier it is to build a larger picture or scenario of what’s happening – something that can lead to a more informed decision vs. an opinion.

Here are some of the signposts at Trade-Ideas used the most to point out where the bottom is:

  1. 20 -Day Losers by %: This list shows which stocks have moved down the most over the last 20 trading days. Because this list is organized by % change, it shows the best opportunities to make a profit with a fixed amount of buying power.
  2. Crossed below 200 day moving average alert
  3. 20 Day Moving Average Crosses 200 Day Moving Average: This list shows which stocks are most likely to have their 20 day SMA cross above or below their 200 day SMA in the next trading session.
  4. Strategy Session: Oversold, Phoenix: A strategy developed as a good method for finding stocks at their bottom OR entries for possible short sales.

Note: Some of the above data is freely accessible and some requires a Trade-Ideas subscription. More free stock research is available on our site.