5 PowerRatings Stocks for the Next 5 Days: EK, IP, NVDA, DELL, AXP
Looking for stocks that are likely to outperform the average stock over the next few days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start!
Overbought conditions persist in the Nasdaq 100, but both the S&P 500 and Dow industrials have begun to pull back into neutral territory above the 200-day. This pullback has been enough to create a number of high PowerRatings stocks — stocks with PowerRatings of 9 or 10 — that are likely to best the average stock over the next few days.
At the top of the list is 10-rated Eastman Kodak
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PowerRating). Down three days in a row above the 200-day moving average, EK closed on Monday at its lowest level in nine days.
As a 10-rated stock, EK belongs to that cohort which has historically outperformed the average stock by a margin of more than 14 to 1. Note also that Eastman Kodak is trading with a dollar value of less than $10.
Today’s list includes two 9-rated stocks. The first, International Paper
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Also like EK, IP has closed at its lowest levels for the past nine days.
The other 9-rated stock I wanted to highlight is a stock that has been in our Top 25 PowerRatings for the past few days: Nvidia Corporation
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Stocks with PowerRatings of 9 have outperformed the average stock by a margin of more than 9 to 1.
Rounding out our list are two 8-rated stocks: Dell Inc.
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PowerRating) (not shown). As 8-rated stocks, both DELL and AXP will likely need significant additional weakness before PowerRatings traders should consider either stock a true high probability trading opportunity.
In early trading on Tuesday, DELL has pulled back by 1%, while AXP has begun to move modestly higher.
Our highest Short Term PowerRatings stocks have outperformed the average stock by a margin of more than 14 to 1 after five days. Click here to start your free, 7-day trial to our Short Term PowerRatings!
David Penn is Editor in Chief at TradingMarkets.com.