MXWL – This Week’s Best PowerRatings’ Stock
Today’s
PowerRatings article looks at the best performing stock for the past five
days: Maxwell Technologies
(
MXWL |
Quote |
Chart |
News |
PowerRating)
The chart below shows that MXWL had been sliding
for 5 straight sessions from 12/21/06 to 12/26/06 . This coincided with a
PowerRating of
7 on 1/16/2007 suggesting it was likely to outperform the S&P 500 over
the next five days.
Also, we can use a technical indicator to further
investigate positions. We have found the 2-period Relative Strength Indicator (RSI)
to be one of the most useful and powerful predictors of short term direction.Â
An RSI reading below 2.0 is considered to be bullish. On 1/16/2007, MXWL’s
RSI reading was 0.30 further making this a strong potential candidate.Â
Click here for our research behind the 2-period RSI produced by Ashton
Dorkins and Larry Connors.
Over the next five sessions MXWL
gained 16.31%.
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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.