This week’s best performing PowerRatings stock: ASPV
Today’s
PowerRatings article looks at the best performing stock for the past five
days:
Aspreva Pharmaceuticals
(
ASPV |
Quote |
Chart |
News |
PowerRating)
From 1995-2005, stocks rated 7 have outperformed the S&P 500 by a better than
4-1 margin over a five-day period. Stocks rated 8 have outperformed the S&P 500
by a better than 8-1 margin; stocks rated 9 have outperformed the S&P 500 by a
13-1 margin, and those stocks that have achieved a 10
PowerRating have
outperformed the S&P 500 by a 16.9-1 margin.
Over the same test period (1995-2005), stocks with a PowerRating of 1, 2 or 3 have underperformed the
S&P 500 over the next five-days. The 1’s have performed 4.9 times worse than the
S&P 500, the 2’s have performed worse than the S&P 500, and the 3’s have only
managed 90% of the S&P 500 performance.
The chart below shows that ASPV had declined in 11 out of 12 days to start
the month of July. Then on 07/20/06 ASPV had a PowerRating of 7, suggesting it
was likely to outperform the S&P 500 over the next five days (number 1 on the
chart).
While the price made a new low, the 5-day RSI didn’t (number 2 on the chart),
also suggesting a possible turnaround in the stock. Over the next five days ASPV
gained 14.66%.
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Ashton Dorkins
Editor-in-Chief
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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. Controlling risk through the use of protective stops is critical.