Monday’s Top Names
Friday’s weak close in the
bottom of the range in the indices indicates the party may be over.
The bounce from oversold may be only that – a
bounce. Wait for the move Monday then be a follower. No need to stick your neck
out too early.
Hottest Sectors: Oil Service
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) and
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
Monday’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 |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
80 | 39.41 | 1,200,803 | 1,433,500 |
| Intuit | ( INTU | Quote | Chart | News | PowerRating) |
94 | 49.72 | 3,001,280 | 5,645,900 |
Principal Financial Group |
( PFG | Quote | Chart | News | PowerRating) |
83 | 31.00 | 1,512,986 |
3,875,000 |
| PPG Industries | ( PPG | Quote | Chart | News | PowerRating) |
87 | 61.90 | 682,278 | 1,559,000 |
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 |
| Abbott Labs | ( ABT | Quote | Chart | News | PowerRating) |
9 | 37.65 | 5,560,648 | 6,157,000 |
| Eli Lilly | ( LLY | Quote | Chart | News | PowerRating) |
16 | 56.40 | 3,665,486 | 7,012,500 |
KLA-Tencor |
( KLAC | Quote | Chart | News | PowerRating) |
7 | 43.99 | 13,063,049 |
12,484,300 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
10 | 38.10 | 10,483,137 | 11,437,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cross Country | ( CCRN | Quote | Chart | News | PowerRating) |
87 | 37.80 | 364,295 | 1,317,300 |
| Corinthian Colleges | ( COCO | Quote | Chart | News | PowerRating) |
99 | 33.89 | 607,300 | 1,298,100 |
Principal Financial Group |
( PFG | Quote | Chart | News | PowerRating) |
83 | 31.00 | 1,512,986 |
3,875,000 |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
82 | 67.22 | 1,376,213 | 2,230,500 |
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 |
| Eli Lilly | ( LLY | Quote | Chart | News | PowerRating) |
16 | 56.40 | 3,665,486 | 7,012,500 |
| Guidant | ( GDT | Quote | Chart | News | PowerRating) |
7 | 30.23 | 3,421,527 | 2,491,200 |
| Genentech | ( DNA | Quote | Chart | News | PowerRating) |
14 | 33.50 | 2,954,172 | 2,585,300 |
| Bristol-Meyers Squibb | ( BMY | Quote | Chart | News | PowerRating) |
8 | 25.70 | 10,726,440 | 8,421,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| CACI International | ( CACI | Quote | Chart | News | PowerRating) |
88 | 38.19 | 720,392 | 849,800 |
| Lennar Corp. | ( LEN | Quote | Chart | News | PowerRating) |
93 | 61.20 | 1,136,677 | 1,307,700 |
Principal Financial Group |
( PFG | Quote | Chart | News | PowerRating) |
83 | 31.00 | 1,512,986 |
3,875,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Allegheny Energy | ( AYE | Quote | Chart | News | PowerRating) |
11 | 25.75 | 844,565 | 5,698,200 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
7 | 43.99 | 13,063,049 | 12,484,300 |
| Teradyne | ( TER | Quote | Chart | News | PowerRating) |
8 | 23.50 | 3,038,295 | 2,811,900 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.