Trade Murphy Oil’s (NYSE: MUR) Drop for a Potential 75% Return in 6 Weeks
It printed a bearish engulfing pattern yesterday and the RSI and stochastic indicators are extremely overbought.
Read MoreAuthor: Rick Pendergraft, Trades Of The Day
Trade iShares MSCI Hong Kong ETF (NYSE: EWH) to Potentially Double Your Money in 6 Weeks
The stochastic indicators are in oversold territory and made a bullish crossover on Friday. We saw similar signals in early November, mid-December, and early February and all three of those signals preceded strong upward moves.
Read MoreTrading iShares U.S. Real Estate ETF (NYSE: IYR) Targets a 75% Return in 6 Weeks
The underlying security made a huge rally the last time we saw both the RSI and the stochastic indicators in oversold territory like they are now.
Read MoreTrade Owens & Minor’s (NYSE: OMI) Drop for a Potential 75% Return by mid-April
The last four instances where the stochastic indicators reached overbought territory (like now) and then experienced a bearish crossover, the stock dropped. It has been a pretty reliable tool in the last few months.
Read MoreTrade Carlyle Group (NASDAQ: CG) for a Potential 100% Return in 6 Weeks
It just hit its trend line and bounced higher. The stochastic indicators also made a bullish crossover last night and when this happened in October and January we saw substantial returns over the next month or two.
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