5 PowerRatings Stocks for the Next 5 Days: SNHY, WGOV, STEC, NCOC, GWR
With the Dow and S&P 500 largely flat and the Nasdaq taking a tumble on the first trading day of the week, what traders really want to know are what are the five stocks they could own (or rent) that would be likely to outperform the average stock over the coming week.
We know of few others who take this approach to talking about stocks. But we think that for short term traders, it is a very helpful approach to adopt. Short term traders of stocks aren’t interested in extended commitments with stocks. Short term stock traders want to find a stock — or set of stocks — that are likely to make a good-sized move in the near term. Whether or not the stock is well-known is of little consequence. The goal is to find that fast moving train, board it and then exit as effortlessly as possible after that boxcar has taken us a few miles down the road.
The beauty of short term stock trading is that there is always such a train leaving the station. While index traders have to wait for that one line to come in — that key move or reaction from the S&Ps or the Nasdaq 100 or the Russell 2000 — short term stock traders simply need to be able to study as many potential departures as possible in order to find the ones most likely to take them where they want to go.
With that in mind, let’s take a look at 5 stocks, all of which have impressive historical edges over the average stock and are likely to be better performers than the average stock over the next five days.
Sun Hydraulics Inc.
(
SNHY |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 10. RSI(2): 4.92
Woodward Governor Company
(
WGOV |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 9. RSI(2): 1.02
Stec Inc.
(
STEC |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 9. RSI(2): 5.48
National Coal Corporation
(
NCOC |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 9. RSI(2): 9.63
Genessee & Wyoming
(
GWR |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 9. RSI(2): 15.67
Of the five stocks in today’s report, the most impressive two are Sun Hydraulics and Woodward Governor Company. Sun Hydraulics earns its spot by virtue of its Short Term PowerRating of 10 and low, 2-period RSI of less than 5. Stocks with a Short Term PowerRating of 10, it should be remembered, have outperformed the average stock by a margin of nearly 17 to 1 after five days based on our research. Combined with the stocks’ low PowerRating, it is clear that SNHY is a stock for short term traders to watch for.
The other stock that is deserved of extra attention is Woodward Governor Company. WGOV has a Short Term PowerRating of 9, which is an excellent enough Short Term PowerRating, but what helps the stock edge into the forefront is clearly its 2-period RSI of virtually 1. Extremely low RSIs like this do not appear every day in the market, but when they do, they are noting a stock that has come under a very high degree of selling pressure — typically in a relatively short period of time.
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.
| Click here to start your free, 7-day trial to our Short Term PowerRatings! |
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.