This week's 10 stocks come from Kapitall. The selection covers 10 downtrending stocks with low cash to operating expenses.
|Stock||No. of Patterns||1-day |
|Average Return |
Per Trade (> 5 day)
No clear cut projections as predicted by PatternDNA, PAETEC Holding Corp (NASDAQ:PAET) the best of the bunch here. The net projection over the 10 stocks is no better than a 50:50 across the five days.
PAETEC Holding Corp (PAET) has a 61% probability of a higher close five days after the Pattern completes. When it's viewed over a longer timer frame based on Average Return per Trade (Average Return Per Trade assumes an initial stop of 10%, raised to 5% off the price reached on a 15% gain. Ultimate Profit Target of 25%) it offers a 61.8% win percentage with an Average Return of 5.1%.
On the short front, US Airways Group (LCC), has a 70% and 61% of a lower close today and tomorrow - but it recovers by the fifth day. Maybe an aggressive buy on the close of the second day?