Biggest Downgrades: Gulfport Energy and Taser International
Here are the stocks with the biggest one-day downgrade in their PowerRatings
(for Traders). Stocks
which have had a PowerRating (for Traders) 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.
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 stocks.
Let’s take a closer look at a few of the daily charts from the list above:
Taser International
(
TASR |
Quote |
Chart |
News |
PowerRating)
Taser International
(
TASR |
Quote |
Chart |
News |
PowerRating) a low PowerRating of
4, downgraded from 6. TASR develops and manufactures electronic control devices
for law enforcement and personal defense. The company’s stock is up a whopping
127% year-to-date. Buying a stock here may carry additonal risk. Watch
this stock’s PowerRating for a rating of 8 or higher.
Incyte Corporation
(
INCY |
Quote |
Chart |
News |
PowerRating)
Incyte Corporation
(
INCY |
Quote |
Chart |
News |
PowerRating) has a PowerRating (for Traders) of
2, downgraded from 4. Incyte Corp. is a drug discovery and development
company, which focuses on proprietary drugs to treat HIG, diabetes, oncology,
and inflammation diseases.
Gulfport Energy Corporation
(
GPOR |
Quote |
Chart |
News |
PowerRating)
Gulfport Energy Corporation
(
GPOR |
Quote |
Chart |
News |
PowerRating) has a low PowerRating (for Traders) of
2, downgraded
from 4. Gulfport Energy has gains of 62% year-to-date and has had major momentum
behind it.
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
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.
Join TradingMarkets Director of Education, Steve Primo, as he teaches a
number of quantitative strategies that can potentially give you an edge in your
trading.
Sign up now for one of our free training classes and start learning how to
become a better trader.