5 PowerRatings Stocks for the Next 5 Days: FDO, SA, AU, ALJ, CGRB
The SPY
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PowerRating) all have Short Term PowerRatings of 3 as of the close on Friday. This tells us that stocks in general are closer to overbought conditions than they are to oversold conditions.
This doesn’t necessarily change our overall trading strategy of looking for high Short Term PowerRatings stocks, stocks with PowerRatings of 8, 9 or 10 that have historically outperformed the average stock in the short term. But it does mean that we will likely find fewer stocks pulling back and developing the sort of oversold conditions that, according to our research going back to 1995, tends to lead to outperformance in the short term going forward.
Here are five stocks that have made the grade, however, pulling back and becoming increasingly oversold over the past few days. Further intraday weakness could provide traders with opportunities to take positions in high PowerRatings stocks like these at the lowest levels of their current corrections.
[[click here to learn more about how to trade high PowerRatings stocks ââ”