This Week’s Best Performing PowerRatings’ Stock: FARO
Today’s
PowerRatings article looks at the best performing stock for the past five
days: Faro Technologies Inc.
(
FARO |
Quote |
Chart |
News |
PowerRating)
The chart below shows that FARO had been sliding
for four straight sessions 10/25/06 – 10/30/06. This coincided with a
PowerRating of
9 on 10/30/06 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. The 200-day simple
moving average
can quickly tell us the direction of the trend. In this case, is
clearly above its 200-day moving average
telling us that it is in a confirmed uptrend. This indicator along with
a PowerRating of 9 made FARO a strong buy on 10/30/06.
Over the next five sessions
gained 26.34%.
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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
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