Average Directional Index Bearish Indicators


Let’s take a look at some stocks that are registering as being in a new bearish trend pattern based on the ADX scan.

Jacobs Engineering (NYSE: JEC) – Capital goods
Sanmina Corporation (NASDAQ: SANM) – Technology
CGI Group (NYSE: GIB) – Technology
United Stationers (NASDAQ: USTR) – Consumer
Ritchie Bros Auctioneers (NYSE: RBA) – Services
Pilgrims Pride (NYSE: PPC) – Consumer
Mirant (NYSE: MIR) – Utilities
American Public Education (NASDAQ: APEI) – Services
Werner Enterprises (NASDAQ: WERN) – Transportation
Pacer International (NASDAQ: PACR) – Transportation

Check out our page for more information on the ADX indicator.

Candlestick Indicators for August 10


Just a few key bullish indicators from my candlestick scan today for you.

Bullish Three White Soldiers:

Globalstar (NASDAQ: GSAT) – Communications

Bullish Engulfing Candlesticks:

Morton’s Restaurants (NYSE: MRT) – Restaurants

RiteAid (NYSE: RAD) – Retail

E.W. Scripps (NYSE: SSP) – Publishing

Bullish Candlestick Patterns


For this week we have a few key bullish candlestick patterns for you.  The strongest indication, in the form of three white soldiers comes from Crude Carriers Corporation (NYSE: CRU) in the Oil Services sector.  Below are some less reliable bullish indicators from the piercing line scan.

1) Dole Food Company (NYSE: DOLE) – Consumer
2) Borders Group (NYSE: BGP) – Retail
3) China Natural Gas (NASDAQ: CHNG) – Utilities
4) Avanir Pharmaceuticals (NASDAQL AVNR) – Biotech
5) Capstead Mortgage (NYSE: CMO) – Financial

Moving Average Crossovers



For my first post, I will be sharing my top Bullish crossovers of the 50 and 200 day moving averages.  Following that will be the bearish signals.  Let’s see what this week in the stock market will bring!  Given the movement in the markets last week the bearish indicators may be particularly reliable.

Bullish:

1) STZ – Constellation Brands (Consumer)
2) WIT – Wipro (Technology)
3) ELP – Companhia Parana De Energia (Utilities)
4) GFF – Griffon (Basic Materials)
5) EOC – Empresa Nacional de Electricidad (Utilities)

Bearish:

1) SSP – EW Scripps Company (Publishing)
2) ADSK – Autodesk (Technology)

Here’s our basic primer on moving averages as stock indicators.