5 PowerRatings Stocks for the Next 5 Days: LPHI, UFI, TSYS, THFF, STE
Stocks finished lower after an early strong start, as the oversold bounce from Friday briefly carried over into Monday’s trading before giving way to new concerns about Google and Goldman Sachs.
How about that for a bear market phrase? “New concerns about Google and Goldman Sachs.” So now the smartest guys (and gals) on the Internet AND the smartest guys (and gals) on Wall Street are all headed for a cliff?
For the record, both Google
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PowerRating) and Goldman Sachs
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PowerRating)are trading below their 200-day moving averages. Both stocks are also down for four days in a row and are increasingly oversold. Google has a Short Term PowerRating of 6. Goldman Sachs has a Short Term PowerRating of 8.
But because both stocks are trading below their 200-day moving averages, neither are stocks that we would put our hard-earned short term swing trading capital into — especially when there is 8-rated — and even 9-rated — fare on the tend-to-go-higher side of the 200-day moving averages.
Five of those stocks are listed below. Recall that stocks with Short Term PowerRatings of 8 have outperformed the average stock by a margin of more than 8 to 1 after five days. Stocks with Short Term PowerRatings of 9 have performed even better, besting the average stock by a more than 13 to 1 margin over the same short term time frame.
Life Partners Holdings Inc.
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PowerRating) Short Term PowerRating 9. RSI(2): 5.43
Unifi Inc.
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PowerRating) Short Term PowerRating 8. RSI(2): 3.82
Telecommunications Systems
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PowerRating) Short Term PowerRating 8. RSI(2): 5.86
First Financial Corp. of Indiana
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PowerRating) Short Term PowerRating 8. RSI(2): 4.42
Steris Corporation [STESTE] Short Term PowerRating 8. RSI(2): 13.81
Stocks right now are slightly more oversold than neutral, but not so much so that they couldn’t move lower. In any event, with stocks like Goldman Sachs and Google already down for four consecutive trading days, traders should not be surprised if the markets find reason to rally 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.