High PowerRating, Low Price: 5 Stocks for Traders
Looking for stocks that are likely to better their peers over the next few days and want to buy more than a few shares? Our “High PowerRating, Low Price: 5 Stocks for Traders” is a great place to look.
There are many reasons why traders like to trade stocks with low dollar values. But perhaps foremost among those reasons is the idea of being able to make a lot out of a relatively small move.
The fact of the matter is that few traders — especially the average retail trader — are as capitalized as they would like to be. And while we’d all love to wield hundreds of shares of $50, $75 or even $100 stocks, the reality for most traders is different and more modest positions — either of fewer shares or of lower priced stocks in dollar terms — are as often as not the rule.
So it is with this in mind that we like to remind traders that there low priced stocks can be high PowerRatings stocks, too.
The 5 stocks in today’s report all have Short Term PowerRatings of 8 or higher. It is among the stocks with PowerRatings of 8 or more that we feel the edges start to become sizeable enough to divide these high Short Term PowerRatings stocks from the rest of the pack and to recognize them of especially worthy of trader attention.
For example, stocks with Short Term PowerRatings of 8 have bested the average stock by a margin of more than 8 to 1 after five days in our historical testing of millions of simulated stock trades between 1995 and 2007. Stocks with PowerRatings of 9 have performed better, with a margin of nearly 13 to 1 over the average stock. And stocks with our highest rating of 10 were all the more impressive, outdoing the average stock by a margin of nearly 17 to 1 after five days.
How can traders take advantage of our Short Term PowerRatings? We like to buy stocks on pullback. For us, waiting for stocks to develop the sort of high Short Term PowerRatings we see in the stocks in this report is the first part. The second is waiting for these stocks to pull back further, what we like to call intraday weakness, so as to buy these strong-stocks-on-sale at the lowest prices possible. A buy limit order a few percentage points below the previous close, for example, is just one way for traders to put pullbacks to work for them.
Triquint Semiconductor
(
TQNT |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 10. RSI(2): 2.78
On Semiconductor Corp
(
ONNN |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 9. RSI(2): 10.17
Bruker Corporation
(
BRKR |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 9. RSI(2): 4.64
Cell Genesys Inc.
(
CEGE |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 8. RSI(2): 0.02
Rentech Inc.
(
RTK |
Quote |
Chart |
News |
PowerRating) Short Term PowerRating 8. RSI(2): 9.06