My Power Stocks system identifies the best candidates for option trading or short-term stock trading, and in the spirit of getting together with family and friends to celebrate winter holidays, I’ve focused this scan on food processors and beverage stocks.
There are certainly strong names in this area as well as sluggish stocks to avoid – but all of these names are volatile and liquid, necessary traits for any options trade, whether bullish or bearish. Use the following information to help you with your own options or short-term stock trading program.
These stocks are in strong upward trends, with excellent upside potential. Buy on any further strength.
- Chiquita Brands (NYSE:CQB) is rated as a powerhouse in my system, thus earning it a recent spot as my Trade of the Day.
- Condiment kind Heinz Brands (NYSE:HNZ) is the perfect accompaniment to any portfolio, as my system has it as a buy.
These stocks are in upward trends, but are temporarily leveling or pulling back. If you are a bull, use this time to add to your positions, but if you are thinking of shorting, wait for further signals.
This stock has broken down from an attempt to rally up. This is one of the most reliable signals on which to take action with a bearish trade.
- Coca-Cola (NYSE:KO) is a reconfirmed sell
InvestorPlace advisor 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. Try Maximum Options today for 2 months for only $99.