If you like trading tech stocks, here’s a new strategy
The Nasdaq Composite and it’s technology components have been
very strong over the last 4 weeks. The Nasdaq Composite has risen 4.37%,
while the Semiconductor Holdr (SMH) has risen 10% 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 4 stocks with
PowerRatings of 7 or higher. These stocks should be kept on a watch list
for the next week.
From 1995-2005,
stocks with a PowerRating of 8 have outperformed the S&P 500
index on average by an 8.3-to-1 margin, while a PowerRating of 10 doubles that
performance to 16.3.
PowerRatings also help indicate a stock’s
downside as well as timely short-sale entry points; PowerRatings of 1 and 2 have
on average lost money over the next week. A PowerRating of 1 typically
underperformed the S&P 500 by a 5-1 margin. Obviously, you should ideally be
looking to buy high PowerRating stocks and avoid (or short) low PowerRatings
stocks.
China Technology Development Group
(
CTDC |
Quote |
Chart |
News |
PowerRating)
Key Tronic Corp.
(
KTCC |
Quote |
Chart |
News |
PowerRating)
VA Software Corp.
(
LNUX |
Quote |
Chart |
News |
PowerRating)
Plexus Corp.
(
PLXS |
Quote |
Chart |
News |
PowerRating)
Click here to
try
PowerRatings for yourself, risk free.
You can also
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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