Last Week’s Best Performing PowerRatings Stock: NTY
Today’s
PowerRatings article looks at the best PowerRating stock for the past five
days:
NBTY
(
NTY |
Quote |
Chart |
News |
PowerRating)
had a PowerRating of 7 after the close of 12/11/06. NTY is trading well
above its 200-day moving average, immediately qualifying the stock as a pullback
candidate after 2 consecutive down days. Traders should follow strong
stocks trading above their 200-day moving average, and use PowerRatings to find
pullback opportunities. After being rated a 7, NTY moved from a 36.50
close to a 39.77 high on 12/18/06, a gain of 8.9%. Pullback opportunities
like this occur every day, and traders can take advantage of PowerRatings to
time explosive entries and exits on these recurring pullbacks.
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.
PowerRatings provides an easy and powerful way
to find trading candidates.
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Darren Wong
Associate Editor
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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.