Four Stocks Strongly Closing at their Highs Today

Apr 15, 2015: 4:53 PM CST

Each day I do a mid-day scan of strong and weak relative strength stocks, but today I also wanted to add a list of four stocks in the S&P 500 that strongly trended and closed at the high of their intraday range.

From these, we will then view the Daily Chart for possible opportunities into the future.

Here are four “top of the top” stocks that closed at the high of their wide intraday range:

Using Trade-Ideas for scanning, we see that the following stocks trended abnormally strong today:

Schlumberger (SLB), Newmont Mining (NEM), NetApp (NTAP), and Cabot Oil and Gas (COG).

Our general logic is that the stocks which are strong will tend to get stronger.

While these speak of intraday strength, we turn to the Daily Chart for possible set-ups this week:

From the Daily Chart viewpoint…

Schlumberger (SLB) completed a breakout and short-term Trend Reversal (possible Inverse Head and Shoulders)

Newmont Mining (NEM) broke above its 20 and 50 day EMAs into the $23.00 pivot level

NetApp (NTAP) rallied up off support and broke above $36, moving above the $36 level to $37.00 (50 day EMA)

Cabot Oil & Gas (COG) extended a strong bullish swing that began from the late January low.

Continue monitoring these names and other similar companies that were abnormally strong today.

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Corey Rosenbloom, CMT
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2 Responses to “Four Stocks Strongly Closing at their Highs Today”

  1. Nair Says:

    This is really interesting to see because we often see 2-3 going higher while rest are not there, but here it’s a different case but still I prefer sticking to what I already do with long term trading thanks to OctaFX broker and their fabulous swap free account, it helps me doing long term trading without having to pay any fees for overnight trades and that is huge saving offer for me since I am mostly a long term trader.

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