5 PowerRatings Stocks Under $15: NTCT, SGEN, OME, KFRC, IWOV
Stocks began Wednesday continuing to move lower after two days of retreat – though the selling so far is far more restrained that what we saw earlier in the week.
Netscout Systems Inc.
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PowerRating) Short Term PowerRating 10. RSI(2): 2.68
From a traditional technical point of view, the selling of Monday and Tuesday brought stocks back below the trend that characterized the advance since the mid-July lows. This has likely turned a sizable number of traders bearish going into the second half of the week – even the second half of the month.
Seattle Genetics Inc.
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PowerRating) Short Term PowerRating 9. RSI(2): 7.26
From a swing trading perspective, we are more concerned with the battle between overbought and oversold tendencies. We are less concerned with the bulls and bears, per se, and more focused on how bullish the bulls are and how bearish the bears are. And when both of these groups become extremely bullish or bearish, we know that the time has come to take the other side of the trade.
Omega Protein Corporation
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PowerRating) Short Term PowerRating 9. RSI(2): 2.85
How stocks setting up for swing traders on Wednesday morning? The sizable number of top 10-rated stocks we saw as of yesterday’s close tells us that swing traders should be looking for quality pullbacks to buy. One of the things we have learned through our Short Term PowerRatings is that the sheer ratio of the highest Short Term PowerRatings stocks compared to those that have high, but not top rated, Short Term PowerRatings can tell us a great deal about how attractive the market is for buying stocks.
KForce Inc.
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PowerRating) Short Term PowerRating 9. RSI(2): 3.03
The most oversold stocks right now appear to be in the Nasdaq (note that 4 out of the 5 stocks in today’s report are Nasdaq stocks). So traders should not be surprised if most of the opportunities they see come from that market. In order to ensure that traders are taking positions in stocks at the lowest levels possible, it is a good practice to look for the absolutely most oversold conditions: the lowest 2-period RSI, the largest gap downs, the most consecutive down days or lower lows. When all this can be spotted in stocks trading above the 200-day moving average, our research tells us that opportunity is not far behind.
Interwoven Inc.
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PowerRating) Short Term PowerRating 9. RSI(2): 3.36
Of the five stocks in today’s report, 4 have Short Term PowerRatings of 9 and one has a top Short Term PowerRating of 10. Our research into short term stock price behavior since 1995 indicates that stocks with Short Term PowerRatings of 9 have outperformed the average stock by a margin of more than 13 to 1 after five days.
Stocks with Short Term PowerRatings of 10 – our top rating – have performed even better, beating the average stock by a near 17 to 1 margin over the same short term time frame.
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 Editor-in-Chief at TradingMarkets.com.