Use PowerRatings with TM’s Pullback List
Today’s
PowerRatings article
is going to focus on combining
TradingMarkets Pullbacks
from Highs with PowerRatings.Â
Most successful momentum-based traders and money managers like to buy strong
stocks after they pull back. Pullbacks provide great opportunities to enter
during confirmed trends. TradingMarkets.com uses a proprietary
mathematical model to identify up to 30 (in weak or choppy markets there will be
fewer) of the strongest stocks that have pulled back from recent highs. Â To
learn more about how to trade pullbacks successfully,
click here.
Here are the top 3 candidates with PowerRatings of 8 or higher:
Southwestern Energy
(
SWN |
Quote |
Chart |
News |
PowerRating)
Jack in the Box
(
JBX |
Quote |
Chart |
News |
PowerRating)
Oceaneering International
(
OII |
Quote |
Chart |
News |
PowerRating)
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.
PowerRatings provides an easy and powerful way
to find trading candidates.
Find tomorrow’s winning stocks today!
Click Here!
Attend a free class on how to use
PowerRatings, presented by Steve Primo, our Director of Education.
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.