5 PowerRatings Stocks for the Next 5 Days: ZOLL, CMI, CGNX, VRSN, TTEC
With stocks ending Monday’s trading largely mixed — but off their highs — there are plenty of stocks that have pulled back to levels at which traders who focus on buying weakness will likely find them.
Given Friday’s massive sell-off, we might have expected a greater number of high Short Term PowerRatings stocks in pullback mode. While we have a good amount of such stocks to choose from — including those in today’s report — it serves as a worthwhile reminder that stocks have lives of their own apart from the larger sway of the broader market. This means that while all stocks will feel a tug lower when markets are in retreat and a push higher when markets are ramping higher, stocks ultimately will go only where those who own them, send them.
On a more technical note, it has also been interesting to recall that a number of stocks — and exchange-traded funds, for that matter — which had been very overbought managed to cross above their 200-day moving averages late last week before the sell-off. But the force of the sell-off was such that a number of those stocks were driven back below their 200-day moving averages. This meant that there were a number of stocks that were relatively oversold, though still only a few points below their 200-day moving averages.
It will take some time to clear up situations like this, in which some stocks will rebound and cross over the 200-day moving average to the upside, while other stocks continue to retreat, sinking back to the lows beneath the 200-day moving average from whence those stocks came.
Let’s look at some of the good opportunities out there right now, rather than those stocks that are not providing clear signals as of yet.
Zoll Medical Corporation
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PowerRating) Short Term PowerRating 9. RSI(2): 2.18
Cummins Inc.
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PowerRating) Short Term PowerRating 9. RSI(2): 1.05
Cognex Corporation
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PowerRating) Short Term PowerRating 9. RSI(2): 5.94
Ultratech Inc.
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PowerRating) Short Term PowerRating 8. RSI(2): 11.66
Teletech Holdings Inc.
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TTEC |
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PowerRating) Short Term PowerRating 8. RSI(2): 4.83
Of the five stocks in today’s report, both Zoll Medical Corporation and Cummins Inc. appear to be the most attractive. Not only do both stocks have Short Term PowerRatings of 9, but both stocks have very low 2-period RSI values of 2.18 and 1.05. When distinguishing between a number of high Short Term PowerRatings stocks, choosing those that are the most oversold is often a good way to separate potentially great opportunities from those that may be merely good.
Note that all of the stocks presented here have Short Term PowerRatings of 8 or 9. We found in our research 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. 9-rated stocks have performed even better over the same time period, besting the average stock by a margin of more than 13 to 1.
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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