Wednesday’s Top Names
The oversold condition continues,
and we have some CVR buy signals in place for tonight.
Keep your bias to the long side, but make sure you
get triggers before putting on positions. Hopefully we will continue to get more
two way trading.
Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) and
Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Wednesday’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 |
| Apollo Group | ( APOL | Quote | Chart | News | PowerRating) |
83 | 43.94 | 2,386,701 | 5,989,200 |
| Express Scripts | ( ESRX | Quote | Chart | News | PowerRating) |
81 | 51.08 | 1,998,167 | 1,414,600 |
International Game Technology |
( IGT | Quote | Chart | News | PowerRating) |
94 | 68.10 | 985,472 |
1,088,200 |
| Murphy Oil | ( MUR | Quote | Chart | News | PowerRating) |
84 | 86.12 | 415,806 | 1,122,600 |
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 |
| Lowes Carolina Group | ( CG | Quote | Chart | News | PowerRating) |
18 | 17.67 | 395,311 | 544,600 |
| Laboratory Corp. | ( LH | Quote | Chart | News | PowerRating) |
6 | 19.19 | 2,210,751 | 5,406,200 |
| RJ Reynolds Tobacco |
( RJR | Quote | Chart | News | PowerRating) |
11 | 35.17 | 1,278,752 |
1,622,300 |
| TXU Corp. | ( TXU | Quote | Chart | News | PowerRating) |
6 | 13.76 | 2,724,554 | 32,703,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cheesecake Factory | ( CAKE | Quote | Chart | News | PowerRating) |
83 | 31.59 | 877,250 | 699,900 |
| Pharmacia | ( PHA | Quote | Chart | News | PowerRating) |
87 | 39.70 | 8,074,946 | 4,994,700 |
| Forest Labs | ( FRX | Quote | Chart | News | PowerRating) |
97 | 92.12 | 2,039,203 | 1,807,000 |
| Aflac | ( AFL | Quote | Chart | News | PowerRating) |
88 | 30.40 | 2,038,814 | 3,118,500 |
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 |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
16 | 28.46 | 4,859,397 | 6,241,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Advanced Neuromodulation Systems |
( ANSI | Quote | Chart | News | PowerRating) |
96 | 35.92 | 207,516 |
276,400 |
| Potash | ( POT | Quote | Chart | News | PowerRating) |
80 | 62.08 | 244,435 | 873,200 |
| Stryker Corp. | ( SYK | Quote | Chart | News | PowerRating) |
92 | 60.47 | 757,320 | 833,300 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| International Rectifier | ( IRF | Quote | Chart | News | PowerRating) |
10 | 11.27 | 1,168,545 | 4,478,200 |
| Precision Castparts | ( PCP | Quote | Chart | News | PowerRating) |
14 | 17.85 | 441,006 | 756,000 |
| TXU Corp. | ( TXU | Quote | Chart | News | PowerRating) |
6 | 13.76 | 2,724,554 | 32,703,200 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.