My Power Options system identifies the most volatile and liquid stocks for option trading or short-term stock trading, and this week it’s telling me that while there are some electronics and telecom stocks you definitely don’t want to miss, there are also some real stinkers.
I’ve listed out the best candidates for short-term trading or options plays, from bullish to bearish.
These stocks are in very strong uptrends. Be on the alert to buy these names on further strength.
- Johnson Controls (NYSE:JCI)
- JDS Uniphase (NASDAQ:JDS)
- Silicon Labs (NASDAQ:SLA)
- PerkinElmer (NYSE:PKI)
These stocks are temporarily improved from downward trends and show good upside characteristics relative to other stocks, but overhead resistance may limit the upside.
Weak But Leveling
This stock is in a downtrend that has plateaued…for now.
- Hewlett-Packard (NYSE:HPQ)
Weakest Stock in Electronics
This stock is completely broken down. Not much downside left here.
- Sony (NYSE:SNE)
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.