Try using this technique to improve your returns
One of the great things about
PowerRatings
is that they can be used in so many different ways. Once you
understand the basics, you can combine them with a myriad of trading styles.
Each day I’m going to highlight some of the different ways you can incorporate
PowerRatings
into your existing trading strategies and hopefully teach you a few new ones
along the way. I’ll also show you some of the ways our members are using
PowerRatings
to improve their trading.
Blackboard Inc.
(
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PowerRating) had a
PowerRating
of 9 on 1/27 (see chart). Once again,
(
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Quote |
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News |
PowerRating) should have been on your list
as a potential buy, so let’s take a look at the chart and see if we can find a
good setup.
Using some very simple techniques we can find a
couple of good reasons to go long this stock. Firstly, its nearing a test of its
200-day EMA, which can be used a reliable filter for having a bullish or bearish
bias. And secondly, using 14-day Stochastic we can see that
(
BBBB |
Quote |
Chart |
News |
PowerRating) is
oversold. The Stochastic gives a buy signal on 2/1 while also forming a key
reversal bar (another bullish sign). Even if you waited until near the close to
enter your order, you would be more than 10% up on the next day’s open.
So as you can see, here are two very easy to use
techniques you could combine with
PowerRatings
that would have led to substantial profits.
Click here
to take a free trial of
PowerRatings.
You can also
attend a free
class on how to use
PowerRatings
presented by Steve Primo, our Director of Education.
Ashton Dorkins
Editor-in-Chief