5 PowerRatings Stocks for the Next 5 Days

Looking back at our last set of 5 PowerRatings Stocks, three from that list will remain on our current roster of stocks that short term traders should keep an eye on over the next few days.

Netflix
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PowerRating 8. RSI(2): 2.83

Myriad Genetics
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PowerRating 9. RSI(2): 1.64

ACI Worldwide Inc.
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PowerRating 8. RSI(2): 0.820

All of these stocks still have PowerRatings of 8 or 9, putting them in that category of stocks which, according to our research, has outperformed the average stock by a margin of more than 8 to 1 after five days. Our highest rated stocks, those with PowerRatings of 10, have outperformed the average stock by a near 17 to 1 margin over the same short term time frame.

For more on the outperformance of high PowerRatings stocks, click here to read Larry Connors’ PowerRatings Does it Again — Results for 2008!

Two stocks from Friday’s column have already attracted buyers and, as such, should be avoided by traders looking for new opportunities. In fact, one of those stocks, SPSS Inc.
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has even crossed above its 5-day moving average, a sign of strength we use as a signal to exit trades bought on pullback.

In order to have a full set of five stocks for this week, let’s add two new stocks that traders have been taking profits in over the past few days. Both stocks, importantly, are trading above their 200-day moving averages, have low 2-period RSIs and PowerRatings of 8 or higher.

Allegiant Travel Company
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ALGT |
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PowerRating 8. RSI(2): 6.97

Coinstar
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PowerRating 8. RSI(2): 14.67

Our highest Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free, 7-day trial to our Short Term PowerRatings!