Looking For Tech Stocks Ready to Move? Start With These
As of Friday’s close, the Nasdaq Composite Index
is up 6.1% year-to-date, which shows us how strong technology stocks have been.
Let’s take a closer look at TradingMarkets
Top 25 PowerRatings Technology Stocks.
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.
Affymetrix Inc.
(
AFFX |
Quote |
Chart |
News |
PowerRating)
S&P 400 MidCap member Affymetrix
(
AFFX |
Quote |
Chart |
News |
PowerRating) has a high
PowerRating of 8. AFFX has been pulling back over the last 6 sessions,
which suggests that sellers may be running out of momentum soon and that the
stock should rebound. AFFX is also trading above its 200-day
moving average (red line) telling us that the current trend is upwards.
Keep AFFX on your watchlist for a potential entry in the direction of the upward
trend.
CryptoLogic
(
CRYP |
Quote |
Chart |
News |
PowerRating)
Online gaming software company CryptoLogic Inc.
(
CRYP |
Quote |
Chart |
News |
PowerRating)
has pulled back to its 200-day moving average, which may help support the stock
for a move back upwards.
AU Optronics
(
AUO |
Quote |
Chart |
News |
PowerRating)
Liquid crystal display maker AU Optronics
(
AUO |
Quote |
Chart |
News |
PowerRating) has a
PowerRating of 8 and has similar characteristics as the stocks above. Make
sure to watch this one for a move to the upside.
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.