February 21 Top Intraday Trend Day Trading Stock Scan

Feb 21, 2014: 1:58 PM CST

What did our intraday scan reveal as the top “Trenders” so far mid-day February 21st?  And will these stocks continue to develop a Trend Day structure into the close?

Let’s take a look at our “Top Uptrenders” of the Day so far:

Top Uptrenders Day Trading Trend

Cummins (CMI) returns to the “Top Trender” list – it first appeared on the February 13th list.

Cummins is joined by Cintas (CTAS), Monsanto (MON), and Biogen (BIIB) for the top trenders and potential “retracement/trend continuity” candidates.

Not to be left out, aggressive traders can use these names to play a possible breakdown or intraday trend reversal should that develop.

Top Intraday Downtrenders for Friday February 21st:

Top Downtrending Trend Day Stocks

The four “Top Downtrending” or “Sell-Off” Stocks include Costco (COST), Cabot Oil and Gas (COG), National Oilwell Varco (NOV), and Micron Tech (MU).

Notice the multi-bar sell-off I captured on the chart in Micron (MU) as I was publishing the scan.

Not all stocks on this type of scan list will continue for a pure Trend Day, but those that do can provide quick profits for those using pro-trend strategies such as trading breakouts and retracements on a classic Trend Day.

As I always mention, be sure to monitor price relative to the 5-min 20 EMA (green) and of course the orientation of the 20 and 50 EMA (spacing between them).

Speaking of Moving Averages, Club EWI is offering a free 10-page lesson on Trading with Moving Averages (I’m an affiliate).

As always, see prior scan posts to see the outcome (and for additional information):

February 20 Intraday Trenders

February 19 Intraday Trenders

February 14 Intraday Trenders

February 13 Intraday Trenders

February 12 Intraday Trenders

And the original February 10 Intraday Trenders

Also, the compilation post “21 Examples of Trend Days

Corey Rosenbloom, CMT
Afraid to Trade.com

Follow Corey on Twitter:  http://twitter.com/afraidtotrade

Corey’s new book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).

3 Comments

3 Responses to “February 21 Top Intraday Trend Day Trading Stock Scan”

  1. Intraday Trend Day Trading Stocks for Feb 24 | Afraid to Trade.com Blog Says:

    […] again, Cummins Inc (CMI) makes the list of top intraday trenders. To refresh, it made the list on February 21st as well as the February 13th […]

  2. Trend Day Trading Stocks on the Breakout for Feb 28 | Afraid to Trade.com Blog Says:

    […] Estee Lauder (EL), Halliburton Co (HAL), National Oilwell (NOV – which appeared on our February 21 Downtrending List), and Dover Corp […]

  3. Trend Day Trading Stocks on the Breakout for Feb 28 — Trading Your Own Way Says:

    […] include Estee Lauder (EL), Halliburton Co (HAL), National Oilwell (NOV – which appeared on our February 21 Downtrending List), and Dover Corp […]