Another Profitable Day Trade!

Back when day trading first became popular the issue was finding enough stocks to put on your day trade watch list.  The next issue came trying to get enough information on the stock to make a fast decision.

Today, the opposite is true.  Investors are swamped with information.  Intraday tips are flooding the message boards and web sites on the internet. Everyone claims to be able to locate the best day trading stocks and provide virtually impossible to lose day trading strategies.

Fortunately, there are ways to dig through this informational overload and simply focus on the best day trading stocks on any given day.

Wealthpire’s premium advisory, Buy Today Sell Tomorrow is a proven source of successful intraday tips and stock guidance.

The advisory just nailed a short term trade, providing readers with ample profits.  The stock was United Continental Holdings (NYSE:UAL).

Here’s what the advisory saw:

Technically, UAL is trading below its 50 and 200 day moving average. However, RSI, Stochastics and the MACD are indicating a rise in price action due as the stock is oversold. Traders will be looking for UAL shares to trade higher as long as the stock is trading above support at $39.85 a share.

earnings

If the stock holds above support, then UAL will likely climb to at least $44.40 a share where there is some short term resistance. Most investors will use a stop that sits right below some near-term support at a share for downside protection.

Shares quickly moved higher, despite the overall market sell off, producing profits for active readers of Buy Today Sell Tomorrow.

Disclosure: None.

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