What was LJPC’s PowerRating When It Gained 22.7%?
Today’s
PowerRatings
article looks at the best performing stock for the past week: La Jolla
Pharmaceutical Company
(
LJPC |
Quote |
Chart |
News |
PowerRating)
By combining high PowerRatings with low-priced
stocks, aggressive traders can
catch considerable moves. The chart below shows that
LJPC had been sliding from 3/26/07 to 3/30/07 before consolidating in a range.
Then on 4/9/07, LJPC had a PowerRating of 9, which historically has
outperformed the S&P 500 index by a 10.1 to 1 margin.
As you can see in the chart below, that same day, LJPC gained 22.7%.
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Darren Wong
Associate Editor
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.