My Power Stocks system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing overall strength in large and small computer stocks. In fact, one stock gave such a strong reading that I used my Power Options system to find an options trade with the highest mathematical probability of success.
Use the following information to help you with your own options or short-term stock trading program.
These are the strongest stocks under surveillance with my Power Stocks system.
NCR gave such a strong signal that my Power Options system picked up on it too with the following trade:
Buy NCR Corporation (NYSE:NCR) Apr. $27 Call options at $1.15 or lower, when the stock price is at $24.90. After entry, take profits if the stock price hits $27.20 or the option price reaches $2.2. Exit if the stock price closes below $23.80 or the option price falls to 80 cents.
Be on the alert to buy these names on further strength.
This stock has been in an upward trend for over a week, and displays good upside characteristics relative to other stocks.
- Oracle (NASDAQ:ORCL)
These stocks are rising temporarily from downward trends, but they may be limited by upward resistance. Buyer beware.
These stocks are in downward trends. They’ve tried to rally up, but without much success.
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.