Tuesday’s Biggest Downgrades
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:
BioCryst Pharmaceuticals
(
BCRX |
Quote |
Chart |
News |
PowerRating)
BioCryst Pharmaceuticals
(
BCRX |
Quote |
Chart |
News |
PowerRating) now has a low PowerRating of
3, downgraded from 5. This biotech company is also
trading far below its 200-day
moving average, which tells us that the stock is in a major downtrend. Read more about our historical research on the 200-day
moving average
here.
Columbus Mckinnon Corp.
(
CMCO |
Quote |
Chart |
News |
PowerRating)
Columbus Mckinnon Corp.
(
CMCO |
Quote |
Chart |
News |
PowerRating) now has a PowerRating (for Traders) of
3, downgraded from 5. CMCO stock is up 43.7% year-to-date, so buying at
these levels may carry more risk. Keep an eye on this stock if the PowerRating
moves back above 7.
Hyperdynamics Corp.
(
HDY |
Quote |
Chart |
News |
PowerRating)
Hyperdynamics Corp.
(
HDY |
Quote |
Chart |
News |
PowerRating) now has a low PowerRating (for Traders) of
2, downgraded
from 4. Hyperdynamics specializes in the exploration and production of oil and
gas in Guinea, West Africa. The stock has been extremely volatile over the past
2 months.
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.