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 3% with a 5 day holding period:
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Z, EMES, & SFUN have my interest on a further dip: CLICK HERE FOR CHARTS
PPT members can bookmark this screen HERE. See you guys at the open.
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Can’t believe QIHU isn’t on that list with an RSI of 14…lol
PPT doesn’t like it
Selling QIHU short has been immensely profitable recently. I wonder if the buyback is too little, too late?
Neither do I:-) Thoughts on XNET and ARWR?
Don’t care for ARWR here. XNET is good so long as Wednesday’s low holds.
I’ve been short Z, shaving a little at a time..I’m covering completely at 110, so long as the bounce doesnt come tomorrow..thanks for the list
May cut it (ARWR) tomorrow just sucks giving back 7% from my cost basis. Trade does look broken