TUG — This Week’s Best Performing PowerRatings’ Stock
Today’s
PowerRatings article looks at the best performing stock for the past five
days– Maritrans Inc.
(
TUG |
Quote |
Chart |
News |
PowerRating).
Since PowerRatings scans through the domestic
stock universe, it is useful in uncovering small cap stocks and low priced
stocks that most funds and the media do not focus on. This can provide
powerful moves as seen in TUG.
The chart below shows that TUG has been consolidating around its 200-day
simple moving average (red line). It received a PowerRating of 7 on
9/19/06 after it had fallen for 4 straight sessions. A rating of 7 or
higher suggests that it is likely to outperform the S&P 500 over
the next five days.
Over the next five days TUG
gained a whopping 47.28%.
From 1995-2005,
stocks with a PowerRating of 8 have outperformed the S&P 500
index on average by an 8.3-to-1 margin, while a PowerRating of 10 doubles that
performance to 16.3.
PowerRatings also help indicate a stock’s
downside as well as timely short-sale entry points; PowerRatings of 1 and 2 have
on average lost money over the next week. A PowerRating of 1 typically
underperformed the S&P 500 by a 5-1 margin. Obviously, you should ideally be
looking to buy high PowerRating stocks and avoid (or short) low PowerRatings
stocks.
You can
attend a free
class on how to use
PowerRatings,
presented by Steve Primo, our Director of Education.
Click here to
try
PowerRatings for yourself, risk free.
Darren Wong
Associate Editor
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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.