Late to the Party
After a lackluster day yesterday, optimism
over earnings spurred by an enthusiastic Alcoa have sent world markets
and US stock futures sharply higher before the bell. Moves like
this force many bullish stock traders, who have waited to buy, to believe
they are late to the party. The overall run up has moved too far,
too fast thus it’s likely time for a pullback.
While today may certainly
prove this is the case for the overall market, as a blow-off type top
may likely be in the works for the indexes, there are ALWAYS pockets
of individual stocks that still present a significant edge for short term
gains, regardless of the underlying market conditions. The question
is how does one locate these stocks that have not already burned out
on the upside?
Short term traders need proven tools to accomplish
this task. Our Stock PowerRatings are one such tried and true
tool. Developed over the last 14 years of extensive research and
proven in actual practice, they place the odds of short term
success in your favor. Stocks earning an 8 rating have shown
to outperform the average stock at a 5.8 to 1 margin. Those with
a 9 rank outperform at a 10.1 to 1 margin and the highest ranked stocks
with a 10 Short Term Power Rating outperform at 14.7 to 1 margin.
There are multiple ways to use the PowerRatings as a stock trading
tool. One time-tested method is to look for stocks that have had
high rankings over the last 2 days. The longer a stock maintains a top
PowerRating the more likely it is to advance over the next 5 days.
Here are 5 stocks that have
maintained a 9 or 10 Stock PowerRating over the last 2 days.
PHH Corp
(
PHH |
Quote |
Chart |
News |
PowerRating): Stock PowerRating 10
MBI
(
MBIA |
Quote |
Chart |
News |
PowerRating): Stock PowerRating 10
Speedus Corp
(
SPDE |
Quote |
Chart |
News |
PowerRating): Stock PowerRatings 10
Seattle Genetics
(
SGEN |
Quote |
Chart |
News |
PowerRating): Stock PowerRating 10
UAL Corp
(
UAUA |
Quote |
Chart |
News |
PowerRating): Stock PowerRating 10
Learn more strategies for trading stocks in the short term with a free trial to our PowerRatings! The highest rated stocks have outperformed the average stock by a margin of more than 14 to 1 after five days! Click here to launch your free PowerRatings trial today!
David Goodboy is Vice President of Business Development for a New York City based multi-strategy fund.