Find New Trading Ideas Through PowerRatings
Today’s
Power
Ratings article will look at our
Most Requested PowerRatings. PowerRatings users are always on the edge
of what’s moving in the stock markets and this list is no exception.
PowerRatings are updated each day after the market close, so the below
PowerRatings are from yesterday. Some of the stocks below have made major
moves in today’s session.
PowerRatings performance shows the returns versus
the S&P 500 for the equivalent 5-day hold. The stocks which have had a PowerRating of 8 have outperformed the S&P 500 index on average over the next 5
days by an 5.8 to 1 margin. Stocks with a PowerRating of 9 have outperformed by a
10.1 to 1 margin. Stocks with a PowerRating of 10 have outperformed the S&P by
nearly 14.7 to 1 margin. This potential edge opens up a number of possibilities for
your trading and investing.
One more interesting fact about the
PowerRatings; PowerRatings of 1 and 2 have on average lost money over the next
week. A PowerRating of 1 has underperformed the S&P 500 by a 5 to 1 margin.
Obviously, you should ideally be looking to be buying high PowerRating stocks
and avoid (or short) low PowerRatings stocks.
Here are individual charts of the highest and
lowest PowerRatings:
NYSE Group
(
NYX |
Quote |
Chart |
News |
PowerRating)
NYX has a PowerRating of 7. This recent
pullback over the last 4 sessions gives traders an opportunity to enter at a
better price.
Palm Inc.
(
PALM |
Quote |
Chart |
News |
PowerRating)
PALM has a PowerRating of 8. PALM has also
been pulling back from recent highs making it attractive over the next 5-8
sessions.
Dendreon Corp.
(
DNDN |
Quote |
Chart |
News |
PowerRating)
DNDN has a PowerRating of 2. DNDN has shown
price action that has historically led to weakness over the next 5-8 sessions. Continue to watch the PowerRatings of these stocks over the next few days to
better time your entries.
If you would like to attend a free class which covers this
research and strategy further, please
click here
for the calendar of the upcoming online classes. Topics
covered include our latest research on
entries and exits, and
how to use PowerRatings with our new
Preferred Stock List.
For a free PowerRatings trial,
click here. If
you have any questions about PowerRatings or the new Stock Indicators please
feel free to email us or call 213-955-5858 ext 1.
Darren Wong
Associate Editor
Reminder: We are in no way recommending the purchase or short sale of these
stocks. This article is intended for education purposes only. Trading should be based on your own understanding of market conditions,
price patterns and risk; our information is designed to contribute to your
understanding.