With today’s mid-day scan for the top uptrending and downtrending intraday stocks in play, one name makes the list for a second day in a row.
Let’s update our mid-day “Top Intraday Uptrending” Stock Scan for February 20:
Our top names for the intraday trend opportunities include Citrix Systems (CTXS), Public Service Enterprises (PEG), Williams Companies (WMB), and J.M. Smucker (SJM).
These have shown relative strength to all other stocks and may continue to trend higher in the direction of the initial movement.
We’ll also update our “Top Intraday Downtrending Stock List” as well:
Surprisingly, Apple (), makes our list again though not in the top spot.
Other intraday downtrenders include Cliffs Natural Resources (CLF), NetApp (NTAP), and Urban Outfitters (URBN).
Monitor price relative to the 20 EMA and 50 EMA (5-min) throughout the session.
Also note the spacing or “orientation” of the intraday moving averages (distance 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):
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