Wednesday’s Top Names
The bounce came again, and may
have went.
At the time this is being written, the S&P futures
are down more than 11 points in Globex trading, and we have a CVR III sell in
effect on the Market Bias Indicators page. The long side setups still look
better than the shorts, but go with the shorts if they take profits tomorrow.
However, keep the longs waiting if they do decide to stage a turnaround.
Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.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 |
| Amgen | ( AMGN | Quote | Chart | News | PowerRating) |
97 | 50.44 | 17,476,079 | 20,105,300 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
80 | 49.95 | 1,815,139 | 2,389,300 |
Forest Labs |
( FRX | Quote | Chart | News | PowerRating) |
96 | 97.05 | 2,047,035 |
3,112,100 |
| Johnson & Johnson | JNJ|JNJ] | 91 | 59.56 | 10,083,435 | 16,014,100 |
3 Month RS of 30 or lower
and close in bottom part of range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| American Electric Power | ( AEP | Quote | Chart | News | PowerRating) |
13 | 19.50 | 4,010,874 | 5,081,200 |
| CEC Entertainment | ( CEC | Quote | Chart | News | PowerRating) |
30 | 29.97 | 282,068 | 405,800 |
Haemonetics Corp. |
( HAE | Quote | Chart | News | PowerRating) |
24 | 19.79 | 158,689 |
192,500 |
| Public Service Enterprise Group | ( PEG | Quote | Chart | News | PowerRating) |
22 | 23.98 | 1,565,294 | 2,962,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Praxair | ( PX | Quote | Chart | News | PowerRating) |
84 | 56.68 | 1,173,702 | 1,144,900 |
| Wal-Mart | ( WMT | Quote | Chart | News | PowerRating) |
80 | 56.29 | 11,073,085 | 13,760,700 |
| Automatic Data Processing | ( ADP | Quote | Chart | News | PowerRating) |
81 | 41.26 | 3,101,826 | 3,506,300 |
| HCA, Inc. | ( HCA | Quote | Chart | News | PowerRating) |
82 | 50.90 | 2,609,225 | 4,357,900 |
3 Month RS of 30 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Zion Bank Corp. | ( ZION | Quote | Chart | News | PowerRating) |
28 | 39.00 | 867,603 | 1,589,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Roadway Corp. |
( ROAD | Quote | Chart | News | PowerRating) |
94 | 38.98 | 460,659 |
319,000 |
| Winnebago | ( WGO | Quote | Chart | News | PowerRating) |
86 | 46.50 | 279,389 | 668,300 |
| XL Capital |
( XL | Quote | Chart | News | PowerRating) |
82 | 79.40 | 1,292,334 |
1,679,000 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| American Electric Power | ( AEP | Quote | Chart | News | PowerRating) |
13 | 19.50 | 4,010,874 | 5,081,200 |
| CEC Entertainment | ( CEC | Quote | Chart | News | PowerRating) |
30 | 29.97 | 282,068 | 405,800 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.