5 PowerRatings Stocks for the Next 5 Days: ABP, FLOW, BMRN, ARA, EPL
Stocks finished Monday relatively flat, leaving the markets — and those positioning themselves to trade them — in largely neutral territory, with a slight bias toward the overbought.
The rapidly dwindling number of high Short Term PowerRatings stocks is as good an indication as any that the markets are very much in a wait-and-see mode. We have as of Monday’s close no 10-rated stocks and only three 9-rated stocks. Of the stocks in today’s report, four have Short Term PowerRatings of 8.
While not as impressive as our highest rated stocks, 8-rated stocks still provide traders with a potent edge in the short term. Our research into short term stock price behavior since 1995 indicates that stocks with 8-rated stocks have outperformed the average stock by a margin of more than 8 to 1 after five days.
Let’s take a look at the stocks that make up our 5 PowerRatings Stocks for the Next 5 Days. All five stocks have Short Term PowerRatings of at least 8, with one having a Short Term PowerRating of 9.
Abraxas Petroleum Corp
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PowerRating) Short Term PowerRating 9. RSI(2): 5.78
Flow International Corp
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PowerRating) Short Term PowerRating 8. RSI(2): 4.63
Biomarin Pharmaceuticals
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PowerRating) Short Term PowerRating 8. RSI(2): 1.25
Aracruz Celulose SA
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PowerRating) Short Term PowerRating 8. RSI(2): 5.92
Energy Partners Ltd.
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EPL |
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PowerRating) Short Term PowerRating 8. RSI(2): 23.02
Of the five stocks in today’s report, two stand out. First, clearly, our 9-rated stock in Abraxas Petroleum Corp. The stock’s 9-rating means that ABP belongs to that class of stocks which, according to our historical testing, has outperformed the average stock by a margin of more than 13 to 1 after five days.
Abraxas Petroleum Corp’s 2-period RSI is higher than we would prefer at more than 5. This may be a stock that traders should wait for rather than pounce on.
And although it has a slightly lower Short Term PowerRating of 8, the second stock out of this list that traders might want to give some extra attentions to is Biomarin Pharmaceuticals. The stock is the most oversold stock of all five in today’s report which, coupled with its Short Term PowerRating of 8, BMRN all the more likely to best the average stock in the near-term.
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.