Power Stock Setups
December 27, 2021
Since I ran out of time this week, here is a quick video of some a simple way to find setups on the Power-investing.com website. While designed to allow you to explore all levels of the market, a quick way to find moving stocks is to use the Universe Relative Strength Rankings. It not only shows you the strongest, but lets you sort by the listed criteria that you find most valuable. In this video we will use the RS mover sort to find the best looking gainers of the bunch. The list of movers is over 250 stocks, but in the list at the bottom, I willowed it down a bit to 70 or so names.
Starting with the Equal Weighted Sector RS Rankings we can see that while Information Technology finished the week right in the middle of the Sector Rankings, it was the sector that gained the most relative strength points over the course of the week.
Below is the list of tickers I decided to look closer at. Many have already had big moves, so they might need a little time or a strategy to leg in. Others are set up to move sooner than later. This list is designed to give you names to look at and build a trading plan around based on your own style.
TGI, CRDF, CVET, DIN, ICPT, ANGO, EB, MLCO, JNCE, BJRI, HGV, LHCG, LVS, TTGT, EBS, CPA, TNL, ATEC, ADUS, SIGA, TSLA, AMED, PEN, SACH, VCEL, CEIX, SAGE, IHRT, LW, APPS, CNR, NTLA, TSE, UTHR, LOCO, STXS, SCHN, ZNTL, ARNC, LTRX, MD, OFG, TXRH, UAL, ACEL, LNTH, MDGL, BMRN, CDW, CHDN, CNNE, EVRI, FDX, HMHC, RCUS, TTEC, CIO, EMKR, MRCY, SMPL, WDC, CHK, CLPR, DVA, EUIC, ELF, INSP
above are just some names to consider in your plans this week.
As always, I hope this helps!