5 PowerRatings Stocks for the Next 5 Days: SHOO, RSH, CVC, WTSLA, WIND
As they did on Tuesday following Monday’s dramatic sell-off, stocks on Thursday rallied late in the day, nearly retracing all of the losses from Wednesday.
Up one day, down another, with little follow-through lasting for long … That is the world that swing traders find themselves in halfway through September. Without a sound trading approach, one with consistent rules and a consistent approach to markets — whether they are plunging lower or soaring higher — it is no surprise that many short term traders feel confused about how to handle the current market and its volatility.
We have had our difficulties along with everyone else trading stocks these days. But what has made our work is easier is being able to treat stocks the same way every day. We look for stocks with high Short Term PowerRatings — and the uglier the market the higher we want those Short Term PowerRatings to be.
These are the strong stocks that have pulled back, but not yet closed below their 200-day moving average. These are the stocks that our research indicates are likely to outperform the average stock in the near term.
How much outperformance? 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 outperformed the average stock by margin of more than 13 to 1 after the same period of time. And stocks with Short Term PowerRatings of 10 — our highest rating — have actually outperformed the average stock by a margin of nearly 17 to 1 after five days.
Steve Madden Inc.
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SHOO |
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PowerRating) Short Term PowerRating 9. RSI(2): 16.17
RadioShack Corporation
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RSH |
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PowerRating) Short Term PowerRating 9. RSI(2): 4.92
Cablevision Systems Corporation
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CVC |
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PowerRating) Short Term PowerRating 9. RSI(2): 5.43
Wet Seal Inc.
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WTSLA |
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PowerRating) Short Term PowerRating 8. RSI(2): 4.18
Wind River Systems Inc.
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WIND |
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PowerRating) Short Term PowerRating 8. RSI(2): 12.53
The rally in stocks temporarily washes out many pullback opportunities, meaning traders will have fewer high quality pullbacks to choose from in the near term. However, Thursday’s rally now leaves the Dow, the Nasdaq and the S&P 500 just another good rally away from being exceptionally overbought. And behind every overbought market — eventually — is a pullback with yet more opportunities for swing traders who know buying weakness is very often a winning bet.
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.