Use Collective Wisdom to Pinpoint PowerRatings Opportunities
Over the last few weeks, we have been highlighting specific PowerRatings (for
Traders) lists to look for opportunities.
PowerRatings (for Traders) is a simple to
use (and powerful) ranking system that ranks stocks from 1 to 10. Stocks rated 9
and 10 have outperformed the average stock by 12 to 1 since 1995 and ideally are
the stocks to focus on each day. Stocks rated 1 and 2 on average have lost
money, and you want to know these stocks in order to avoid them.
Today, let’s look at the
Most Requested Stocks from the PowerRatings database. This is an
interesting list, because it gives you an inside view into what other traders
are looking for. Basically, these are the stocks that people are searching for
the most.
Top 10 Most Requested
Right off the bat, there are 2 stocks that you want to focus on from this
list. When you access the actual list, you can rank the stocks according to a
number of different criteria, including price, PowerRating and RSI. We arranged
this list by PowerRatings.
WellCare Health Plans
(
WCG |
Quote |
Chart |
News |
PowerRating) has a PowerRating (for Traders) of 8.
Last week, WCG was trading in the $120 range, but has since fallen over 80%.
These extremely oversold stock conditions have historically led to higher prices
over the next five days. Watch for a rally.
Baidu.com
(
BIDU |
Quote |
Chart |
News |
PowerRating) has a PowerRating (for Traders) of 3. BIDU is
making new highs, and not looking back. After pushing further into extended
highs yesterday, this stock is trading at levels which have historically led to
lower prices over the next five days. Watch for a drop.
