Swing Trading with PowerRatings: Harvest Natural Gains 5% in Two Days
One of the most powerful aspects of swing trading with PowerRatings is the way they allow traders to take advantage of top rated stocks whether the market is moving up, moving down or moving side to side. By sticking with the stocks that have earned top PowerRatings of 9 or 10, swing traders can trade knowing that the historical edges will be on their side, regardless of the gyrations of the broader market.
Look at the recent pullback and PowerRatings upgrade in ^HNR^, which earned an upgrade to 8 on April 4th and a further upgrade to 9 one day later on April 5th.
And as selling intensified in the market for HNR, the stock pulled back again on the 6th, sustaining its top PowerRating of 9.
But just one day later, and two days after earning an upgrade to 9, HNR was headed higher – much higher – as buyers swooped in to bid the stock up by more than 5%.
Now here’s a question: who do you think those buyers were buying the stock from after that 5% move higher?
And how many of those sellers had picked up their shares of Harvest Natural Resources only days before, during the pullback and PowerRatings upgrade?
For swing traders using PowerRatings to help them find the best stocks to trade every day, the PowerRatings upgrade in HNR was a great opportunity to buy at a time when direction from the broader market was sorely lacking – and short-term sentiment toward Harvest Natural Resource increasingly negative.
And while other traders waited for a “signal” from the market, swing traders using PowerRatings were able to focus on what really mattered – stocks earning PowerRatings upgrades to 9, stocks earning PowerRatings upgrades to 10 – to the tune of a gain of more than 5% in two days.
If you’re someone who would rather make trading decisions based on quantified research than cable TV conversation about “the market,” then you owe it to yourself to try PowerRatings. Your free, 7-day trial will give you complete access to the PowerRatings database of top upgrades and downgrades, top low-priced and tech stocks and much more.
With stocks pulling back again and PowerRatings upgrades becoming more and more numerous, now is a great time to see what PowerRatings can do for you and your trading. Click here to launch your free week of PowerRatings today.
David Penn is Editor in Chief of TradingMarkets.com