In contrast to last week, my Power Stocks system is showing medical stocks exploding with “Buy Watch”-rated stocks this week. My Power Options system identifies the most volatile and liquid stocks for option trading or short-term stock trading—both important qualities for trading.
Use the following information to help you with your own options or short-term stock trading program.
Stocks to Buy
These stocks are in very strong uptrends. Be on the alert to buy these names on further strength.
- Astrazeneca (NYSE:AZN)
- Boston Scientific (NYSE:BSX)
- Novo Nordisc (NYSE:NVO)
- Coventry Health Care (NYSE:CVH)
- Eli Lilly (NYSE:LLY)
- Pfizer (NYSE:PFE)
- Biogen Idec (NASDAQ:BIIB)
These stocks were in downward trends, but they’re rising up again temporarily before hitting resistance – which means an opportunity for calls with a strike price at the resistance level.
Not sure how to take advantage of this information? Check out my free report, 20 Secrets to Options Trading, for time-tested lucrative options trading tactics.
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.