Oversold With A 5 Day Holding Period

The PPT has many tools, one cool feature is the ability to screen for stocks that are oversold with the potential for a bounce within days. Now nothing is guaranteed using statistics, but I like the ability to find ideas with a calculator brain when knife catching.

Let’s go ahead and take a look at tonight’s screen. The following are stocks that are oversold on our 12 month algorithm, and in the past have had an average bounce of 5% with a 5 day holding period:

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The solar names from this list look like they still have a ways to fall, but names like JAZZ & SOHU should see a relief bounce in the coming days.

If you sense a bounce, here are the names from the above “Calculator Brain” screen: CLICK HERE FOR CHARTS

PPT members can bookmark this screen HERE. See you guys at the open.