5 PowerRatings Stocks for the Next 5 Days: NFLX, SPSS, MYGN, CTXS, ACIW
Even with a late surge on Thursday, the markets remained in relatively neutral mode going into the final trading day of the week.
The fact that there is a growing number of stocks trading above their 200-day moving average means that even days like Thursday can leave behind an interesting set of potential opportunities for short term traders.
While there are a few 7-rated stocks in our Top 25 PowerRatings list, there are a number of stocks with PowerRatings of 8 that short term traders looking for exposure during the market’s next rally might want to consider.
Netflix Inc.
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PowerRating) RSI(2): 10.54
SPSS Inc.
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SPSS |
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PowerRating) RSI(2): 12.57
Myriad Genetics
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PowerRating) RSI(2): 1.64
Citrix Systems Inc.
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CTXS |
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PowerRating) RSI(2): 11.78
ACI Worldwide Inc.
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ACIW |
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PowerRating) RSI(2): 1.36
Again, all five of these stocks have Short Term PowerRatings of 8. Our research into short term stock behavior indicates that stocks with PowerRatings of 8 have outperformed the average stock by a margin of more than 8 to 1 after five days.
To learn more about how to trade high PowerRatings stocks like these, click here to read How to Find the Best Stocks to Trade Every Day.
Particularly interesting in today’s line-up are Myriad Genetics and ACI Worldwide Inc., both of which have exceptionally low 2-period RSI values of less than 2. We have found that stocks with such extreme oversold levels have tended to produce positive returns in one-day, two-day and one-week timeframes.
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