Since the market is slowly working itself back up (stay awake or you'll miss it again), now might be a good time to check on that favorite high beta stock screen. Taking advantage of these quick moving stocks during even a brief period of stochastic 'oversoldness' can pay off.
Here's the short list...
Name, Symbol, Current Price, Sector, Beta
Avis Budget Group, CAR, 18.33, Car Rental, 5.04
Sunrise Senior Living, SRZ, 10.34, Medical, 5.04
Pier 1 Imports, PIR, 11.89, Retail, 4.66
General Growth Prop., GGP, 16.14, REIT, 3.76
Kodiak Oil and Gas, KOG, 6.44, Oil, 3.43
Sify Tech, SIFY, 5.77, internet, 3.30
Refiff.Com, REDF, 12.80, internet, 3.21
Hercules Offshore, HERO, 6.20, Oil and Gas, 3.06
Plenty of familiar names on this list. Stocks were chosen based on price between $5 and $20, volume greater than 1,000,000, and beta greater than 3.
Related posts:
Beta for a Dip
Nothing Beta for a Trend
You Beta Like Volatility
Tuesday, May 10, 2011
Beta Take Advantage
