Rochester, NY 8/22/2009 12:06:05 AM
Intel Corporation, INTC - Intel, Cisco and Amex, Big Names in Trading Made a Market Rebound
Intel Corporation
Some of the big names in tech, biotech and financial services are set up nicely for a move higher.
The nascent pullback in stocks affords potential opportunity for short term, mean reversion traders who use PowerRatings to spot edges in oversold and overbought markets.
The ranks of 10-rated stocks have been surprisingly high given the strength of the broader market over the past few days. This suggests that if and when the broader markets do sell-off in earnest, the number of high PowerRatings stocks, especially those with PowerRatings of 9 or 10, is likely to grow even further.
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