One cool feature from The PPT is the ability to screen for stocks in oversold cycles. These oversold cycles are backtested over a 12 month period and suggest an average return of holding the stock, for 5 days, based on past performance.
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:
See you guys at the open.