5 PowerRatings Pullbacks for Traders: HERO, WBD, VQ, SYX, HES
Afraid that you missed out on some trade opportunities on Friday? Never fear. Many of the high Short Term PowerRatings stocks that were attractive on Friday have the same high Short Term PowerRatings as of the close of trading as they did at the beginning. In other words, these pullbacks will be ready on Monday when you are.
In a game where there are literally hundreds if not thousands of opportunities in a given trading day, it is easy for traders to feel as if they are missing out if they are not taking (or at least trying to take) advantage of as many trades as possible.
After all, you never know which trade is going to be the winner, the Big One, so why let any opportunity pass by unchecked?
While we agree with the first part of that sentiment — which is why we encourage a portfolio approach to trading that allows traders to explore multiple opportunities while simultaneously lower single stock risk — we are not so sure that the second part of that sentiment is healthy. However natural, the sense that there are specific trading opportunities that Must Not Be Missed is often the first step toward a mean season of overtrading. And of all the pitfalls that traders — short term and long term — fall into, overtrading is both among the most common and the most dangerous.
One of the things I’ve noticed about our Short Term PowerRatings is that they do not require lightning fast reflexes or a 24/7 surveillance of the markets. Stocks, when they become attractive, tend to develop their favorable PowerRatings over a period of time such as a few days. The movement can be dramatic — Friday morning I wrote about a few stocks that had Short Term PowerRatings race from the lowest levels to the highest levels in a matter of three, four or five days. But over a short span of days there is usually plenty of time for trader to recognize the opportunities presented by a series of rising (or declining, for those traders looking to bet against stocks) PowerRatings.
And for those traders who are patient enough to buy on intraday weakness — a pullback after a pullback — there is often all the more reason not to feel the need to rush into a trade.
All five stocks in today’s report have Short Term PowerRatings of 9. Our research, which involved millions of simulated short term stock trades between 1995 and 2007, indicates that stocks with Short Term PowerRatings of 9 tend to outperform the average stock by a margin of more than 13 to 1.
Hercules Offshore
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HERO |
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PowerRating) Short Term PowerRating 9.
Wimm-Bill Dann Foods
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PowerRating) Short Term PowerRating 9.
Venoco Inc.
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PowerRating) Short Term PowerRating 9.
Systemax Inc.
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PowerRating) Short Term PowerRating 9.
Hess Corporation
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PowerRating) Short Term PowerRating 9.
Does your stock trading need a tune-up? Our highest Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days.
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Whether you have a trading strategy of your own that could use a boost or are looking for a way to tell the stocks that will move higher in the short term from the stocks that are more likely to disappoint, our Short Term PowerRatings are based on more than a decade of quantified, backtested simulated stock trades involving millions of stocks between 1995 and 2007. Click the link above or call us at 888-484-8220, extension 1, and start your free trial today.