The Good, the Bad and the Ugly: SKF, SEED, NFLX, FLI
Today’s installment of “The Good, the Bad and the Ugly” brings us a names that have held their ground, lost their ground, and a few looking to make up ground over the next few trading days.
The Good, the Bad and the Ugly is one way to look at our Short Term PowerRatings Upgrades and Downgrades pages. Every day during the trading session, we note which stocks are experiencing the biggest changes in their Short Term PowerRating. Some stocks are pulling back even further than they had before, which often leads to an intraday upgrade that many traders would want to know about. Other stocks are continuing to display the sort of weakness in the face of strength on an intraday basis that we know we should be suspect of.
Both kinds of stocks can often go unnoticed by traders. Our Short Term PowerRatings Upgrades and Downgrades helps make many of these potential opportunities hard to miss. They also give traders a head start on their planning for the next day, by showing which stocks may have become more or less attractive as the closing bell drew near.
So what does the Good, the Bad and the Ugly have to do with it? The Good are those high Short Term PowerRatings stocks that began the day with a high PowerRating and finished the day the same high Short Term PowerRating. These stocks in all likelihood will be as attractive tomorrow as they are today for buyers of pullbacks.
Late in the trading day today, we saw a number of stocks that had began the trading day with Short Term PowerRatings of 8 and finished the day with Short Term PowerRatings of 8. These stocks included a number of exchange-traded funds such as ProShares UltraShort Russell 2000 Growth Fund
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PowerRating), ProShares UltraShort Financials Fund
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PowerRating), ProShares UltraShort Russell 2000 Value Fund
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PowerRating) and ProShares UltraShort Consumer Services Fund
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PowerRating).
You can then imagine what “the Bad” might stand for. These are stocks that began the day with low, Short Term PowerRatings and maintained those low, “avoid” PowerRatings over the course of the entire session. Four stocks that fell into this category today all began the session with Short Term PowerRatings of 3 and ended the day with Short Term PowerRatings of 3. Those stocks that traders should steer clear of are: Usana Health Services
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PowerRating), Rehabcare Group Inc.
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PowerRating), Superior Energy Services
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PowerRating), and Origin Agritech Limited
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PowerRating).
As for “the Ugly,” well, there are two ways of looking at ugly. One is the sort of ugly that most traders think of when they think of an ugly stock: a stock that is pulling back. Of course, our approach to stocks considers a stock that is pulling back more likely to be a potential opportunity than a reason for loathing. In fact, as far as we are concerned, what looks great to many traders—