Day Trading Gap Algorithm
Real Time Cell Phone / Email Swing Trade Alerts
50 Day Moving Average Resistance - tested and closed below this key level, a bearish signal. Wait at least one day to confirm resistance, then short on a trade below the previous day low.
SLB on 11/7/14 met the above criteria for a 50 Day Moving Average Resistance Setup. The daily chart below shows a small range day after the 50 MA test, and then a trade below the 11/10/14 low at $98.17, the trigger short price. SLB traded to $92.72 two days later. A 3% stop loss can be used.
Each day after the market close, we run multiple custom designed scanning algorithms that provide stocks for the next trading day swing trade list. If you would like to become a member of our swing trade service, the membership options are listed below.
Here are the stocks at 50 Day Moving Average Resistance on 3-23-2017 for trading on 3-24-2017
Copyright dailystockplays.com All Rights Reserved