Wednesday’s Top Names
The major indexes were
choppy going in early trade, though managed to rally to its intraday
highs by 2 pm ET, where the bears grabbed the edge and drove prices into
negative territory for the close. Technology suffered the heaviest losses,
though lack of volume took away conviction for the move. News wise there was
little to inspire.
Strong Sectors: grocers, defense,
beverage, household products
Weak Sectors: home improvement, bldg.
materials, drug wholesale, managed health, airline, semi, storage, gold,
biotech, wireless service, tele. equip., gold, dept. store
Wednesday’s
stocks to watch:
3 Month RS of 80 and higher and close in top
part of range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Agilent | ( A | Quote | Chart | News | PowerRating) |
83 | 16.58 | 2,771,500 | 13,242,600 |
| Staples | ( SPLS | Quote | Chart | News | PowerRating) |
87 | 18.39 |
4,942,400 | 24,881,185 |
| Tyco Intl |
( TYC | Quote | Chart | News | PowerRating) |
80 | 16.55 | 15,711,000 | 14,553,000 |
| Watson Pharmaceuticals | ( WPI | Quote | Chart | News | PowerRating) |
87 | 29.43 | 709,300 | 820,600 |
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 |
| Compass Bancshares | ( CBSS | Quote | Chart | News | PowerRating) |
29 | 30.69 | 632,300 | 305,793 |
| Federated Dept Store | ( FD | Quote | Chart | News | PowerRating) |
26 | 30.49 | 1,825,800 | 1,803,100 |
| Fortune Brands |
( FO | Quote | Chart | News | PowerRating) |
22 | 45.20 | 750,300 | 2,537,300 |
| Magna Intl | ( MGA | Quote | Chart | News | PowerRating) |
21 | 51.87 | 335,600 | 247,800 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Adobe Systems | ( ADBE | Quote | Chart | News | PowerRating) |
89 | 27.47 | 3,928,000 | 3,611,503 |
| American Eagle Outfitters | ( AEOS | Quote | Chart | News | PowerRating) |
86 | 17.49 | 1,469,200 | 1,544,547 |
| American Power Conversion | ( APCC | Quote | Chart | News | PowerRating) |
91 | 15.28 | 1,349,200 | 1,732,016 |
| OSI Pharmaceuticals | ( OSIP | Quote | Chart | News | PowerRating) |
86 | 18.99 | 1,019,500 | 470,829 |
3 Month RS of 30 and lower
with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Fastenal Co. | ( FAST | Quote | Chart | News | PowerRating) |
30 | 33.09 | 614,500 | 364,761 |
| Pulte Homes | ( PHM | Quote | Chart | News | PowerRating) |
24 | 43.45 | 760,800 | 830,800 |
| Wells Fargo Bank | ( WFC | Quote | Chart | News | PowerRating) |
24 | 46.33 | 5,866,800 | 5,062,300 |
| Dentsply Intl | ( XRAY | Quote | Chart | News | PowerRating) |
15 | 34.58 | 651,600 | 720,778 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| UTSarcom | UTSi | 88 | 19.75 | 1,397,900 | 2,115,954 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Fortune Brands | ( FO | Quote | Chart | News | PowerRating) |
22 | 45.20 |
750,300 | 2,537,300 |
Best of luck with your trading Monday. Please
use protective stops on trades.