My Power Options system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing opportunities in healthcare stocks. These names are both volatile and liquid, two important characteristics of profitable options trading.
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.
These stocks are in upward trends, but are temporarily leveling or pulling back.
Backing and Filling
This stock has rallied way up from a downtrend, but then dropped from those higher prices to “fill” lower price areas.
- Pfizer (NYSE:PFE)
This stock is in a downward trend. It’s tried to rally up, but without much success.
- Merck (NYSE:MRK)
Stocks to Sell
Sell these stocks on any further weakness—they’re not worth the heartache.
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.