Today's
PowerRatings
chart of the day looks at the best performing stock for the past five
days: Faro Technologies Inc. (FARO | Quote | Chart | News | PowerRating)
The chart below shows that FARO had been sliding
for four straight sessions between 10/25/06 - 10/30/06. This coincided with a
PowerRating of
9 on 10/30/06 suggesting it was likely to outperform the S&P 500 over
the next five days.
Also we can use a technical indicator to further
investigate positions. The 200-day simple
moving average
can quickly tell us the direction of the trend. In this case, is
clearly above its 200-day moving average
telling us that it is in a confirmed uptrend. This indicator along with
a PowerRating of 9 made FARO a strong buy on 10/30/06.
Over the next five sessions
gained 26.34%.
Darren Wong
Associate Editor
darrenw@tradingmarkets.com
