These 5 stocks will be towards the top of my day trading radar this week.
This list is made up of high probable stock setups from the previous week’s price movement. These tickers tend to match my criteria of volume, high range,and historical price movement with suitable risk vs reward setups. These stocks also have a lower market correlation and act inversely at times from the broader trend.
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1 |
RVBD- Riverbed had some great daily range for traders to take advantage of. Last week this stock hit all facets including the ability to trend and reverse. |
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2 |
ILMN- This risk in this stock will reward or hurt traders. Key candle stick patterns and trend lines did prove as successful indicators last week. |
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3 |
WLT- Energy, oil, coal and nat-gas stocks have been running. This high beta energy play was in a solid downtrend last week as the 41 level was compelling negated. |
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4 |
CTRP- This stock hates $20. I”ll be looking at this stock with a heavy short bias coming into this week. |
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5 |
MNST- The FDA news rattled this stock and created some great short setups. If volume remains high both bounce and short setups could create a high probable trade. |
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