5 PowerRatings Stocks Under $15
5 PowerRatings Stocks Under $15: ASYT, WTSLA, VLNC, PRKR, PCTI
In the first few hours of trading on Friday, stocks moving lower and following through on the selling that characterized the markets on Thursday.
The difference between where the market began on Thursday and where it is early on Friday is increasingly apparent in the growing numbers of high Short Term PowerRatings stocks. This is true both in the number of 8-rated stocks as well as the number of the even more highly prized 9-rated stocks.
Asyst Technologies Inc.
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ASYT |
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PowerRating) Short Term PowerRating 9. RSI(2): 1.25
Remember that our research into short term stock price behavior since 1995 indicates 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. Even more impressively were those stocks with Short Term PowerRatings of 9. These stocks bested the average stock by a margin of more than 13 to 1 after the same five days.
Wet Seal Inc.
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WTSLA |
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PowerRating) Short Term PowerRating 8. RSI(2): 11.71
One thing we have noticed is that when the number of high Short Term PowerRatings grows small, the markets are likely to move sideways — or lower. This is one of the different ways that traders can use our Short Term PowerRatings in a top-down, analytic way to gauge the market climate.
Valence Technology Inc.
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VLNC |
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PowerRating) Short Term PowerRating 8. RSI(2): 5.42
While there may be attractive candidates for trades to the long side on days when there are only one or two 9-rated stocks, five or six 8-rated stocks, and a host of 7s, the fact that there are so few high Short Term PowerRatings stocks should serve as a minor warning that further pullbacks or corrections may be around the corner before the market bottoms and reverses.
Parkervision Inc.
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PRKR |
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PowerRating) Short Term PowerRating 8. RSI(2): 5.68
What should traders do in such situations? One recommendation on trading in such environments is to wait for stocks to make greater intraday pullbacks. Because the lack of a large number of Short Term PowerRatings often anticipates lower prices for stocks, swing traders who wait for stocks to make further intraday pullbacks by placing limit orders 4%, 6% or even 8% below the most recent close increase the odds that they will forego owning a stock as it moves lower and, instead, end up with a position much closer to the low point of the pullback.
PC-Tel Inc.
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PCTI |
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PowerRating) Short Term PowerRating 8. RSI(2): 6.33
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.
David Penn is Senior Editor at TradingMarkets.com.