My Power Options system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing great strength in hospital supply stocks. As my colleagues at Slingshot Trader have noted, this is a hot sector as our population ages and as Obamacare slowly gets priced in to the markets.
The names my Power Options system has highlighted 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.
This stock has been in an upward trend for over a week, and displays good upside characteristics relative to other stocks.
- Johnson & Johnson (NYSE:JNJ)
These stocks are in upward trends that are temporarily leveling or pulling back. Most of the stocks in this category have the potential for a strong downtrend.
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.