5 PowerRatings Stocks for the Next 5 Days: EBS, CENT, APOL, CECO, EPIQ
In yesterday’s column I wrote about “fading the bounce†and that an appropriate strategy for short term traders was to look for Short Term PowerRatings upgrades in short ETFs as the markets continued to move higher.
Apparently the markets didn’t get the “continued†part.
Stocks reversed back to the downside hard on Thursday. All it took were the mildly overbought conditions created by the Wednesday rally and sellers came out in droves, driving stock prices dramatically lower once again.
So what should short term traders believe? Wednesday’s rally or Thursday’s sell-off?
Our trading strategy with Short Term PowerRatings remains the same: we take each day as it comes. If we see overbought conditions, then we look to buy high Short Term PowerRatings short ETFs. If the day’s action contributes to oversold conditions, then our focus is on high Short Term PowerRatings stocks that are trading above their 200-day moving averages.
If it sounds simple, then that’s because it is. We have never thought that the hard part of trading was to be found in trading strategies.
The real trick of trading is patience to wait for the best opportunities, the trades with the greatest and most powerful edges. The upside here is that because our trading strategies tend to have very high “win-rates†of 70%, 80% or more — especially with ETF trades — that waiting is more often than not rewarded with gains. This is not something that those who use short term breakout strategies can often say.
Given Thursday’s selling, then, our focus turns again toward high Short Term PowerRatings stocks. Here are five stocks that not only have high Short Term PowerRatings but also have the sort of low, 2-period RSIs that further mark the stocks as oversold and more likely than the average stock to outperform in the near term.
Emergent Biosolutions
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EBS |
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PowerRating) Short Term PowerRating 9. RSI(2): 8.11
Central Garden & Pet Company
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CENT |
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PowerRating) Short Term PowerRatings 9. RSI(2): 2.74
Apollo Group Inc.
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APOL |
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PowerRating) Short Term PowerRatings 9. RSI(2): 13.37
Epiq Systems Inc.
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EPIQ |
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PowerRating) Short Term PowerRatings 8. RSI(2): 7.10
Career Education Corporation
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CECO |
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PowerRating) Short Term PowerRatings 8. RSI(2): 1.55
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.