Look to This List for Stocks With the Highest Historical Edges
Today’s
Power
Ratings article will look at stocks from our
PowerRatings 9’s and 10’s list. PowerRatings
gives users a historical edge backed by millions of trades. This can help
guide you to areas of the stock market that are moving and can help you steer
clear of dangerous sectors.
PowerRatings are updated each day after the market close, so the below
PowerRatings are from yesterday. Some of the stocks below have made major
moves in today’s session.
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.
Varian Semiconductor Equipment Associates
(
VSEA |
Quote |
Chart |
News |
PowerRating)
This S&P 600 SmallCap member has a PowerRating of 9. From
the chart above, we can see that it has been pulling back over the last several
sessions. This tells us that sellers may be running out of steam soon and
that we might get a move back in the upward direction. VSEA is currently
pulling back from new all-time highs made last week. Keep this hot stock
on your watch list.
Synchronoss Technologies
(
SNCR |
Quote |
Chart |
News |
PowerRating)
Application software company Synchronoss Technologies
(
SNCR |
Quote |
Chart |
News |
PowerRating)
has also made new all-time highs recently and is in the process of a pullback.
Buying pullbacks is a core trading philosophy here at TradingMarkets. Our
PowerRatings take into account many other factors besides price action.Â
They also incorporate proprietary relative strength indicators to help filter
out and find the best stocks.
If you would like to attend a free class which covers this
research and strategy further, please
click here
for the calendar of the upcoming online classes. Topics
covered include our latest research on
entries and exits, and
how to use PowerRatings with our new
Preferred Stock List.
For a free PowerRatings trial,
click here. If
you have any questions about PowerRatings or the new Stock Indicators please
feel free to email us or call 213-955-5858 ext 1.
Darren Wong
Associate Editor
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.