Trend Day Stock Scan for March 4

Mar 4, 2014: 1:55 PM CST

Good afternoon!

Which stocks made our top uptrending and downtrending (intraday) scan for March 4th?

Here are our uptrending candidates mid-day:

Unlike yesterday’s downtrend on the Ukraine news, today’s session is an opposite trend day up in the US Equity Markets, which causes us to focus our attention on similar uptrending stocks during today’s session.

The top four from our screen reveal strong trends for Union Pacific (UNP) along with Norfolk Southern (NSC – not shown in the charts above), Cardinal Health (CAH), Trip Advisor (TRIP), and Bristol-Myers Squibb (BMY).

We’ll focus on these for potential trend day continuity should these stocks indeed progress throughout the day to the upside.

Like yesterday, aggressive reversal traders can use these as potential reversal candidates.

Here’s our downtrenders which are fighting the capital flow of money into the market today:

Keep in mind that the top four downtrending stocks began with an upside opening gap or morning rally, except for trend fighter Cliffs Natural Resources (CLF).

Other downtrender candidates include retail giants Best Buy (BBY) and Target (TGT) along with Symantec Corporation (SYMC).

As always, you can review prior scans to see the outcomes:

March 3rd Trend Day Stock Scan

February 28th Trend Day Stock Scan

February 25th Trend Day Stock Scan

February 24th Trend Day Stock Scan

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Corey Rosenbloom, CMT
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5 Responses to “Trend Day Stock Scan for March 4”

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