5 PowerRatings Stocks Under $15
Hopes that Congress will develop a bailout plan for Wall Street have traders in a buying mood in the first few hours of trading on Thursday. Less than an hour after the open, the Dow industrials were up nearly 200 points.
Coldwater Creek Inc.
(
CWTR |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 9. RSI(2): 2.70
The past few days of declines have provided some pull back opportunities, though perhaps not as bountiful as in past weeks, but enough to create a number of high Short Term PowerRatings stocks with PowerRatings of 9 or 10 – one signal that the market is moving into “consider buying” mode.
Wabash National Corporation
(
WNC |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 8. RSI(2): 20.88
The recent selling created oversold conditions in the market, which has led to the current intraday rally. But the question for swing traders right now is whether or not this rally has short term staying power. This is what would be required first, as stocks go through the cycle from being oversold to neutral to overbought and back again.
Volterra Semiconductor Corporation
(
VLTR |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 8. RSI(2): 14.37
This doesn’t mean that there aren’t opportunities for swing traders right now, albeit fewer as the markets move higher on Thursday morning. There are stocks that are lagging, that have been sold aggressively over the past few days, and are just now beginning to be bid higher by traders looking for stocks that have not already made their moves higher.
Western Alliance Bancorporation
(
WAL |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 8. RSI(2): 29.06
This is a point worth underscoring. We are interested in stocks that have NOT already moved higher. As sentiment shifts and traders – especially momentum traders – begin to feel less fear and more greed, attention will turn toward those stocks that have already begun to move higher. These are not the stocks that, according to our research, short term swing traders should focus on. Rather, the stocks that are still oversold, that have not yet attracted buyers, are the stocks that, time and time again, prove to be the names worth picking up for short term trades.
Talbots Inc.
(
TLB |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 8. RSI(2): 3.97
Of the five stocks in today’s report, four have Short Term PowerRatings of 8 and one has a Short Term PowerRating of 9. We found that stocks with Short Term PowerRatings of 8 outperformed the average stock by a margin of more than 8 to 1 after five days between 1995 and 2007. Stocks with Short Term PowerRatings of 9 have outperformed the average stock by a margin of more than 13 to 1 over the same timeframes.
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.
David Penn is Editor in Chief at TradingMarkets.com.