Intraday Trend Day Trading Stocks for Feb 24
Which stocks made the list of the “Top Intraday Trend Day Trading Stocks” (both up and down) for February 24th?
Let’s start with the strongest intraday uptrenders mid-day:
Once 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 update.
Other top trenders include Humana (HUM), ConocoPhillips (COP), as well as Dun and Bradstreet (DNB).
Which stocks are short-sell candidates for a trend day continuation lower? Or reversal for aggressive traders?
Keep in mind that today’s session so far – as of this update – has been a breakout to new highs in the S&P 500 and intraday trend day up.
That doesn’t mean all stocks are breaking higher or joining most stocks for a bullish session.
Our “Trend Day” or relative strength laggards include US Steel Corp (X), Cintas (CTAS), and Pitney Bowes (PBI).
Just like the bullish trending stock Cummins (CMI), Micron Technology (MU) once again made the list of “top down-trenders” which first appeared on Friday, February 21st (meaning it is been a downtrender two sessions in a row).
Interestingly, Cintas (CTAS) which collapsed mid-day today, automatically made the list of “top downtrenders” as a result of the mid-day sell-impulse. Cintas (CTAS) was a top up-trender from Friday, February 21st.
Follow along with members of the Daily Commentary and Idealized Trades summaries for real-time updates and additional trade planning strategies.
As always, see prior scan posts to see the outcome (and for additional information):
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).
Would you consider the ES a trade day today? Or did it at least have potential early on? What is the intial risk usually when trying to capture a trend day?