TradingMarkets 7 PowerRatings stocks for this week
Here are 7
PowerRatings
stocks to watch for this week:
Stocks with a PowerRating of 7 have outperformed the S&P 500
index on average over the next 5 days by an 4-1 margin. Stocks with a
PowerRating of 8 have outperformed by 8.3-1 margin. Stocks with a PowerRating of
9 have outperformed by a 13.5-1 margin. Stocks with a PowerRating of 10 have
outperformed by nearly 16.9-1 margin.
LaserCard Corp.
(
LCRD |
Quote |
Chart |
News |
PowerRating)
PowerRating:
9
LCRD has been trending down since the beginning of April and recently broke
below its 50-day
moving average.
But, the 5-day RSI is showing a positive divergence, suggesting selling pressure
is waning and that a bounce from this level is possible.
Trex Company Inc.
(
TWP |
Quote |
Chart |
News |
PowerRating)
PowerRating:
8
TWP’s chart is pretty similar to the one above. Again, a bounce from this level
wouldn’t be too surprising.
The Pantry Inc.
(
PTRY |
Quote |
Chart |
News |
PowerRating)
PowerRating:
8
PTRY has been declining for four straight days now. With the RSI nearing
oversold territory, a successful test of the 50-day MA might offer an
opportunity to play a bounce back.
Autodesk Inc.
(
ADSK |
Quote |
Chart |
News |
PowerRating)
PowerRating: 7
Yesterday’s price action in ADSK was interesting. The stock opened weak and
proceeded to selloff before buyers stepped in and drove the price back near the
open. Obviously some traders thought felt yesterday’s selling was overdone. Will
they continue to step up?
Phelps Dodge
(
PD |
Quote |
Chart |
News |
PowerRating)
PowerRating: 7
PD has been one of the best performing stocks in the S&P 500 over the past three
years due to the record breaking run in Copper prices. Since a 2 for 1 stock
split last month PD has put on more than 70%. Will it be able to maintain that
pace of advance?
Gilead Sciences Inc.
(
GILD |
Quote |
Chart |
News |
PowerRating)
PowerRating:
6
GILD has been bouncing around its 50-day MA for a while now. Until it can move
decisively above or below that level it may be worth sitting on the sidelines.
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating)
PowerRating:
1
GOOG gapped up almost $34 on Friday but sold off all day long and closed near
session lows. That means nearly everyone that placed orders to buy GOOG before
the open is holding onto a losing trade. With all those traders looking to get
out if they get back to breakeven there’s plenty of overhead supply.
PowerRatings are courtesy of
PowerRatings.net.