Synalloy, SurModics and Local.com among Today's Highest Rated Stocks

Today's Power Ratings (for Traders) article will look at stocks from our PowerRatings (for Traders) 9's and 10's list. PowerRatings (for Traders) gives users a historical edge backed by millions of trades. This can help guide you to areas of the stock market that are moving and can help you steer clear of dangerous sectors.

PowerRatings (for Traders) are updated each day after the market close, so the below PowerRatings (for Traders) are from yesterday. Some of the stocks below have made major moves in today's session.

PowerRatings (for Traders) performance shows the returns versus the S&P 500 for the equivalent 5-day hold. The stocks which have had a PowerRating of 8 have outperformed the S&P 500 index on average over the next 5 days by an 5.8-1 margin. Stocks with a PowerRating of 9 have outperformed by a 10.1-1 margin. Stocks with a PowerRating of 10 have outperformed the S&P by nearly 14.7-1 margin. This potential edge opens up a number of possibilities for your trading and investing.

One more interesting fact about the PowerRatings (for Traders); PowerRatings (for Traders) of 1 and 2 have on average lost money over the next week. A PowerRating of 1 has underperformed the S&P 500 by a 5-1 margin. Obviously, you should ideally be looking to be buying high PowerRating stocks and avoid (or short) low PowerRatings (for Traders) stocks.

Today's PowerRatings 9's and 10's

Synalloy Corporation (SYNL | Quote | Chart | News | PowerRating)

Synalloy Corporation (SYNL | Quote | Chart | News | PowerRating) has a high PowerRating of 9. SYNL specializes in pipe and piping systems in the United States and internationally. The stock is pulling back from all-time highs and 62.5% year-to-date, which shows that it has major momentum behind it. 

SurModics, Inc. (SRDX | Quote | Chart | News | PowerRating)

SurModics, Inc. (SRDX | Quote | Chart | News | PowerRating) has a PowerRating of 9.  SRDX is pulling back from 6-year highs and is up 60% year-to-date.  This S&P 600 Smallcap index member specializes in diagnostic substances.

Local.com (LOCM | Quote | Chart | News | PowerRating)

Local.com (LOCM | Quote | Chart | News | PowerRating) has a high PowerRating of 9. LOCM is also pulling back from 2-year highs and is showing gaings of 108% year-to-date. LOCM provides paid-search advertising services to businesses in the U.S. and Europe. 

This is just a quick starter's guide on how to use PowerRating (for Traders) to potentially gain an edge in your daily trading. Each day, we will be featuring one PowerRatings (for Traders) list, and releasing historically-backed data at no charge, to show new users how best to take advantage of these opportunities. Check back tomorrow for a new list, and a new group of stocks to focus on.

For a free PowerRatings (for Traders) trial, click here. If you have any questions about PowerRatings or the new Stock Indicators please feel free to email us or call 213-955-5858 ext 1.

Darren Wong
Associate Editor
darrenw@tradingmarkets.com

Reminder: We are in no way recommending the purchase or short sale of these stocks. This article is intended for education purposes only. Trading should be based on your own understanding of market conditions, price patterns and risk; our information is designed to contribute to your understanding.