HPJ Scheduled to Report Earnings
Short-Term Trading Opportunities
PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. For best results, enter these trades with a limit order 3-7% below the previous day’s closing price. Higher % limit entries have historically shown a greater percentage of winning trades but higher % limit orders also reduce the chance of trade execution.
In the past, buying stocks with a rating of 10 on a 3% pullback the next day and selling five days later has been profitable 75% of the time. The average winner has gained 5.9%. Other entries and exits also show high winning percentages and large average gains.
Chinese battery maker Highpower International (NASDAQ: HPJ) is scheduled to report earnings on Wednesday and has a PowerRatings of 10.
Low-priced stocks can be volatile. On Monday, HPJ traded with a range of 9% between its high and low. Over the past four weeks, the average one-day trading range for HPJ has been more than 14%. Given the volatility, HPJ could be an excellent trading candidate.
PowerRatings indicates that HPJ could be a buy below $2.03.