Top Four Intraday Trend Day Trading Stocks for Feb 13
With the US Equity Indexes in a reversal bullish trend day (see my prior update for trade planning this morning), many stocks are developing similar pro-trend sessions.
Here’s today’s afternoon update on the “Top Trending Stocks” for potential retracement or breakout opportunities into the close:
Today’s “top selected stocks” include Stryker Corp (SYK), Adobe Systems (ADBE), Dominion Resources (D), and Cummins Inc (CMI).
Interestingly, we have two names showing up again on the top list:
Dominion Resources showed up on a prior “Top Trending Stocks” scan post on February 10th
…and Cummins Inc (CMI) appeared on yesterday’s February 12th mid-day scan.
For day traders, we look to these names as potential candidates – though not guaranteed – to complete a full or possible textbook trend day of additional simple upside action.
This thesis is favored as long as price remains trending above the rising 20 period EMA (5-min chart).
See the prior updates listed above for additional trading tactics and insights (and to see what happened next).
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).
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