Pocket Rockets: 3 Promising PowerRatings Stocks Under $3
The stock market is setting up for its 2nd straight winning day on Tuesday. Momentum from Monday’s rally and world stock markets turning higher appear to be powering U.S. stocks today.
In a solid sign of confidence, Australia has become the first economy to raise interest rates. Despite the positive economic signals, no one really knows what will happen to the market or even individual stocks over the next week.
Some stocks will win others will lose this week. Short-term traders need proven tools to choose stocks most likely to appreciate over the next 5 days. Our Stock PowerRatings are one such dynamic tool. 14 years of extensive, statistically valid studies have proven our Stock PowerRatings to be exactly what short-term traders need to evaluate and choose stocks to buy for the short-term.
The proprietary calculating engine behind the PowerRatings is constantly scanning the universe of stocks ranking them in a 1 to 10 rating system. Â Our studies have clearly proven that stocks with a 10 Stock PowerRatings outperform the average stock by a 14.7 to 1 margin. Â 4, 5, 6, 7 rated stocks have proven to simply perform with the market. The low rated 1, 2 and 3 ranked stocks have proven to simply be too volatile thus risky for short term appreciation.
One of the coolest things about Stock PowerRatings is the screeners available. Here are 3 stocks from the screener that locates highly rated, low priced companies poised for potential short-term gains.
Hythiam
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PowerRating): This low priced health care company provides behavioral health management services for substance abuse to health plans. Â It has earned a 10 Stock PowerRatings. It is presently trading under $1.00/share.
Alesco Financial
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PowerRating): A real estate investment trust based in Philadelphia with a 10 Stock PowerRatings. It is trading just over $1.00/share.
Gray Television
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PowerRating): An affiliate of CBS, NBC and FOX. They operate 36 TV stations. Â It has earned a 10 Stock PowerRatings and is trading just over $2.00/share.
Learn more strategies for trading stocks in the short term with a free trial to our PowerRatings! The highest rated stocks have outperformed the average stock by a margin of more than 14 to 1 after five days! Click here to launch your free PowerRatings trial today!
David Goodboy is Vice President of Business Development for a New York City based multi-strategy fund.