7 Trading Ideas for Friday, October 11, 2007
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.…