Trend Day Trading Stock Scan for March 6

While yesterday’s scan included big names like Facebook (FB) and Amazon.com (AMZN), today’s scan includes lesser known stocks in the S&P 500 that are showing the greatest degree of intraday trend.

Let’s take a look at March 6th’s Top Uptrending Stock Candidate List:

Our big uptrenders include newcomer DirecTV (DTV) and an appearance by Warren Buffet’s Berkshire Hathaway (BRK.B – B shares), along with Jacobs Engineering (JEC) and Quanta Services (PWR).

These names are candidates for potential Trend Day continuity.

Our Downtrending Intraday Stock Scan shows the following candidates:

Forest Labs (FRX), Seagate Technology (STX), Vertex Pharma (VRTX), and NetApp Inc (NTAP).

As always, aggressive traders can attempt a reversal play while other traders can use these either as retracement/pro-trend trading candidates.

I’ve had a couple of questions from swing traders as well, and yes, these lists can be used as idea generators for swing trading positions, especially breakouts from support or resistance on a higher timeframe.  These allow for additional analysis on candidates you might not have seen on other scan lists.

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

March 5th Trend Day Stock Scan

March 4th Trend Day Stock Scan

March 3rd Trend Day Stock Scan

February 28th Trend Day Stock Scan

February 25th Trend Day Stock Scan

February 24th Trend Day Stock Scan

Follow along with members of the Daily Commentary and Idealized Trades summaries for real-time updates and additional trade planning.

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).