Thursday’s Top Names
The indices mounted a nice
rally into the close, but will it carry over into tomorrow?
That is the question that is on every trader’s mind
heading into Thursday. While the rally was likely end-of-month window dressing
by the fundies, until proven otherwise, look for follow through in the morning.
Trade it whichever way the big boys want to take it.Â
Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and High Technology
(
$PSE.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 |
| Alcon, Inc. | ( ACL | Quote | Chart | News | PowerRating) |
83 | 35.20 | 620,712 | 1,448,500 |
| Charles River Labs | ( CRL | Quote | Chart | News | PowerRating) |
98 | 38.10 | 470,080 | 1,512,900 |
Forest Labs |
( FRX | Quote | Chart | News | PowerRating) |
83 | 77.47 | 1,445,323 |
1,678,100 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
95 | 66.70 | 1,034,871 | 1,489,500 |
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 |
| Clear Channel Communications | ( CCU | Quote | Chart | News | PowerRating) |
4 | 26.05 | 5,710,682 | 7,615,000 |
| Group 1 Automotive | ( GPI | Quote | Chart | News | PowerRating) |
8 | 26.66 | 269,383 | 185,800 |
International Rectifier |
( IRF | Quote | Chart | News | PowerRating) |
7 | 23.06 | 1,421,995 |
1,357,600 |
| Varian Semiconductor | ( VSEA | Quote | Chart | News | PowerRating) |
9 | 26.33 | 1,162,196 | 1,620,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pharmacia | ( PHA | Quote | Chart | News | PowerRating) |
97 | 44.74 | 7,153,015 | 10,858,200 |
| Tricon Global Restaurants | ( YUM | Quote | Chart | News | PowerRating) |
83 | 30.90 | 1,100,020 | 2,023,600 |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
87 | 67.88 | 2,116,482 | 5,985,200 |
| AFLAC | ( AFL | Quote | Chart | News | PowerRating) |
84 | 31.41 | 1,842,960 | 2,580,900 |
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 |
| Analog Devices | ( ADI | Quote | Chart | News | PowerRating) |
10 | 24.10 | 3,314,809 | 4,058,600 |
| Alcan Aluminum | ( AL | Quote | Chart | News | PowerRating) |
18 | 27.80 | 2,152,320 | 3,226,500 |
| Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
11 | 32.90 | 3,752,829 | 5,435,100 |
| PNC Financial Services | ( PNC | Quote | Chart | News | PowerRating) |
16 | 42.15 | 1,448,626 | 1,896,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Public Storage | ( PSA | Quote | Chart | News | PowerRating) |
80 | 37.75 | 270,943 | 303,300 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
99 | 31.23 | 487,355 | 886,914 |
| Washington Mutual | ( WM | Quote | Chart | News | PowerRating) |
80 | 37.41 | 3,862,055 | 4,739,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cymer, Inc. | ( CYMI | Quote | Chart | News | PowerRating) |
8 | 27.99 | 1,789,039 | 1,171,219 |
| Nabors Industries | ( NBR | Quote | Chart | News | PowerRating) |
9 | 30.52 | 2,255,663 | 1,662,700 |
| Roper Industries | ( ROP | Quote | Chart | News | PowerRating) |
18 | 29.75 | 257,289 | 1,010,600 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.