My Power Options system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing some interesting opportunities in computer stocks. Whether you’re interested in shorting the laggards of the sector or playing calls on the winners, these names are both volatile and liquid, two important characteristics of profitable short-term and options trading.
This is one of the strongest stocks under surveillance with my Power Stocks system.
- Pitney Bowes (NYSE:PBI)
This stock has confirmed its upward trend after a temporary pullback. Such a bounceback is one of the most reliable buy signals.
- 3M Co. (NYSE:MMM)
This stock is in an upward trend, but is temporarily leveling or pulling back.
- Cisco (NYSE:C)
Strong but Topping
These stocks were in upward trends, but have leveled after a dramatic advance. Watch for these stocks to break through resistance—that will be your signal to buy.
Weak but Leveling
This stock is in a downward trend that has temporarily improved—that is, it’s stopped falling for the time being.
- Apple (NASDAQ:AAPL)
Stocks to Sell
Sell these stocks on any further weakness—they’re among the weakest of the stocks I follow, and they’re not worth the heartache.
Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.