How to Find Pullbacks Using PowerRatings
Today’s
PowerRatings article
is going to focus on combining
TradingMarkets Pullbacks
from Highs with PowerRatings.Â
Most successful momentum-based traders and money managers like to buy strong
stocks after they pull back. Pullbacks provide great opportunities to enter
during confirmed trends.Â
TradingMarkets.com uses a proprietary
mathematical model to identify up to 30 (in weak or choppy markets there will be
fewer) of the strongest stocks that have pulled back from recent highs. Â To
learn more about how to trade pullbacks successfully,
click here.
Here are the top 3 candidates with PowerRatings of 7 or higher:
Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating)
Guess Inc.
(
GES |
Quote |
Chart |
News |
PowerRating)
Zoll Medical
(
ZOLL |
Quote |
Chart |
News |
PowerRating)
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.
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 5.8-1 margin. Stocks with a PowerRating of 9 have outperformed by a
10.1-1 margin. Stocks with a PowerRating of 10 have outperformed the S&P by
nearly 14.7-1 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 5-1 margin.
Obviously, you should ideally be looking to be buying high PowerRating stocks
and avoid (or short) low PowerRatings stocks.
Find tomorrow’s winning stocks today!
Click Here!
Attend a free class on how to use
PowerRatings, presented by Steve Primo, our Director of Education.
Darren Wong
Associate Editor
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strategy and receive one free month of this exciting trading tool. If you are
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strategy.
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