PowerRatings Signals a Potential Buy on SB
PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. For best results, enter these trades with a limit order 3-7% below the previous day’s closing price. Higher % limit entries have historically shown a greater percentage of winning trades but higher % limit orders also reduce the chance of trade execution.
In the past, buying stocks with a rating of 8 on a 3% pullback the next day and selling five days later has been profitable 71% of the time. The average winner has gained 3.1%. Other entries and exits also show high winning percentages and large average gains.
PowerRatings are a powerful tool for low-priced stocks and helped identify some big winners in the past few days. Empire Resorts (NASDAQ: NYNY) gained more than 5% yesterday after reaching a PowerRatings of 10 the day before. Highpower International (NASDAQ: HPJ) jumped more than 50% intraday after giving a PowerRatings buy signal.
Drybulk shipper Safe Bulkers (NYSE: SB) has a PowerRatings of 8. It is the highest rated low-priced stock heading into today’s trading. The stock is down on news of a secondary offering which was priced at $7.43.
PowerRatings indicate the stock is a buy at $7.34 or less.
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All data is as of the end of day on 11/13/2013.