If You Like Trading Tech Stocks, Focus On This List
The Nasdaq Composite and it’s technology components have been
very strong over the last 4 weeks. The Nasdaq Composite has risen 2.71% and is
leading the major indices over that time period.
Technology is coming back into focus again.
Every day TradingMarkets publishes a list that contains the
Top 25 PowerRatings Technology Stocks. Here are
3 stocks with PowerRatings of 7 or higher. These stocks should be kept on a
watch list and monitored daily.
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.
Napster
(
NAPS |
Quote |
Chart |
News |
PowerRating)
China Technology Development Group
(
CTDC |
Quote |
Chart |
News |
PowerRating)
Bookham Inc.
(
BKHM |
Quote |
Chart |
News |
PowerRating)
Click here to start a free trial to PowerRatings and find stocks which have
historically outperformed the market.
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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we publish your strategy.
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.