Find Strong Dow 30 Stocks with PowerRatings
As of the writing of this article, the Dow Jones Industrial
Average is sitting near fresh all-time highs. The Dow is currently leading
all major U.S. indices with a year-to-date gain of 9.53% and a 1-year gain of
22.69%. Let’s take a deeper look into the Dow 30 Index with
PowerRatings.
PowerRatings is a simple to use (and powerful)
ranking system that ranks stocks from 1 to 10. Stocks rated 9 and 10 have
outperformed the average stock by 12 to 1 since 1995 and ideally are the stocks
to focus on each day. Stocks rated 1 and 2 on average have lost money, and you
want to know these stocks in order to avoid them.
Each day we publish a Dow 30 PowerRatings list,
which can be found
here.
Here is a partial list of today’s highest rated Dow 30 stocks:
Here are daily charts of MCD and MRK:
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating)
McDonald’s Corp. has a PowerRating of 7, which tells us that
historically this stock should rise over the next 1-5 trading sessions.Â
Waiting for a higher PowerRating of 8 or higher would increase the historic edge
even more. MCD is in a very strong uptrend and is currently trading above
its 200-day
moving average (not shown). Keep this blue-chip stock on your watch
list for a potential move back to the upside.
Merck & Company
(
MRK |
Quote |
Chart |
News |
PowerRating)
Drug giant Merck is one of our highest rated stocks on our Dow
list. MRK is also in a strong uptrend with a 1-year gain of 56%. Our main
trading philosophy here at TradingMarkets is to “buy weakness”, this is
especially true for stocks that are acting strongly. Keep on eye on MRK
for potential 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.