5 PowerRatings Stocks for the Next 5 Days: GIII, CPY, ANDE, SNE, SHLD
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!
Monday’s rally sent a large number of stocks soaring into overbought territory — and into profitable exits for PowerRatings traders who had picked up high PowerRatings stocks during the selling of last week. As Larry Connors, CEO and founder of TradingMarkets, always says: we want to be buying into the selling. And those who bought into the selling of the previous week have been well-rewarded as of Monday.
Despite Monday’s strength, there are still a number of stocks that have remained under selling pressure and may represent potential opportunities over the next few days. Below are some of those high PowerRating stocks chosen by our rating system as likely to outperform the average stock over the next few days.
G-III Apparel Group Ltd.
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PowerRating) has a PowerRating of 9. The stock has been trending lower since spiking above $12 per share on an intraday basis several days ago.
Down four out of the past five trading days, GIII’s extremely oversold condition has only become more oversold, with a 2-period RSI of less than 1.0.
Potentially at the start of an even bigger breakdown, CPI Corporation
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PowerRating), has begun moving lower after failing to hold territory above the $18 level a few weeks ago.
CPY appears to have paused for a moment and with its 2-period RSI of less than 10, the stock may be in a relatively neutral position, vulnerable to both a vault higher as well as further declines. Traders should keep an stocks like this in the event that further weakness creates an even better opportunity.
Perhaps a little farther along down the path toward breakdown compared to CPI Corporation, Anderson’s Inc.
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PowerRating) has closed lower for the past four days in a row above the 200-day moving average (and five out of the past six).
Monday was the second day that ANDE spent with a 2-period RSI of less than 5. Buyers have appeared to bid shares of ANDE of its intraday lows in recent days. But, again, continued weakness in this stock — and a potential PowerRatings upgrade — is worth watching for.
Here are an additional two stocks that PowerRatings traders may want keep an eye out for should profit-taking from the Monday rally create deeper pullbacks in stocks still under selling pressure.
Sony Corporation
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PowerRating). PowerRating of 8 with a 2-period RSI of less than 41, the stock bounced yesterday, but had been trending lower in recent days.
Sears Holding Company
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PowerRating) PowerRating of 8 with a 2-period RSI of less than 22, SHLD has closed lower for five consecutive trading days above the 200-day moving average.
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.