Bullish Stocks
5+ Consecutive Down Days: Men’s Warehouse (MW) closed red for the past five trading days, but is now trading above the stocks 200 day moving average. Look for a positive market shift, but be wary as retail sales have declined.
5+ Consecutive Lower Lows: Infineon Technologies (IFX) made lower lows for the past five trading days, but is also trading above the stocks 200 day moving average as of today.
2-Period RSI Below 2: Integra Lifesciences (IART) has been trading on a 2-period RSI below 2, but has begun to trade above the standard 200 day moving average.
Bearish Stocks
5+ Consecutive Up Days: Cardinal Health (CAH) has been increasing in price for the past five trading days, but is now trading below the 200 day moving average. Look for a slight dip and consolidation period before the stocks next major move.
5+ Consecutive Higher Highs: Pfizer (PFE) has been reaching higher highs for more then five trading days, but has also begun to trade below the 200 day moving average.
2-Period RSI Above 98: Tyson Foods (TSN) reached a RSI above 98 and is trading below the 200 day moving average. The stock is overbought and may dip before the stock makes another major move one way or another.