Thursday’s Top Names
The daily charts of the
indices have formed nice reversal bars for Wednesday.
Although the trend is still down, it appears the
bounce could continue for at least one more day, since the closes were in the
top of the range. Keep your primary focus to the short side, and go to the
shorts if they become necessary.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Thursday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Abbott Labs | ( ABT | Quote | Chart | News | PowerRating) |
91 | 43.80 | 5,159,858 | 6,147,600 |
| Biosite | ( BSTE | Quote | Chart | News | PowerRating) |
99 | 29.80 | 425,942 | 318,500 |
Education Management Company |
( EDMC | Quote | Chart | News | PowerRating) |
92 | 44.23 | 351,141 |
514,000 |
| Patterson Dental | ( PDCO | Quote | Chart | News | PowerRating) |
92 | 52.28 | 386,159 | 770,500 |
Â
3 Month RS of 20 or lower
and close in bottom part of range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BARRA, Inc. | ( BARZ | Quote | Chart | News | PowerRating) |
20 | 28.14 | 241,420 | 234,900 |
| Dollar Thrifty Automotive | ( DTG | Quote | Chart | News | PowerRating) |
15 | 15.21 | 222,240 | 179,400 |
Ryland Group |
( RYL | Quote | Chart | News | PowerRating) |
19 | 36.26 | 893,814 |
1,777,500 |
| Renaissance Learning | ( RLRN | Quote | Chart | News | PowerRating) |
13 | 13.87 | 291,443 | 1,419,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| United Health | ( UHS | Quote | Chart | News | PowerRating)[ |
81 | 48.90 | 570,778 | 543,600 |
| Mylan Labs | ( MYL | Quote | Chart | News | PowerRating) |
83 | 32.39 | 799,928 | 816,000 |
| Varian Medical | ( VAR | Quote | Chart | News | PowerRating) |
86 | 44.41 | 522,680 | 361,100 |
| Entercom Communications | ( ETM | Quote | Chart | News | PowerRating) |
80 | 48.45 | 445,846 | 529,400 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| NCR Corp. | ( NCR | Quote | Chart | News | PowerRating) |
13 | 21.91 | 906,923 | 931,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| International Game Technology | ( IGT | Quote | Chart | News | PowerRating) |
92 | 67.63 | 941,646 | 1,135,300 |
| Roadway Corp. | ( ROAD | Quote | Chart | News | PowerRating) |
90 | 37.21 | 345,258 | 1,924,200 |
| Zimmer Holdings | ( ZMH | Quote | Chart | News | PowerRating) |
95 | 38.97 | 1,124,732 | 2,057,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BARRA, Inc. | ( BARZ | Quote | Chart | News | PowerRating) |
20 | 28.14 | 241,420 | 234,900 |
| Dollar Thrifty Automotive | ( DTG | Quote | Chart | News | PowerRating) |
15 | 15.21 | 222,240 | 179,400 |
| Kroger Corp. | ( KR | Quote | Chart | News | PowerRating) |
19 | 13.93 | 3,991,722 | 5,409,600 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.