Friday’s Hit List
A solid trend day higher left the indices in a
strong close and in a position to challenge the top of their recent trading
ranges if we get continuation tomorrow. However, what could happen and what will
are sometimes different, so don’t get locked into one direction. Stay flexible
and nimble and continue to trade what you see. It is good to have a notion as to
probable direction, but it is never gospel the night before.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating),
Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating) and Technology
(
$PSE.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sector: Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
Friday’s stocks
to watch:
3 Month RS of 80 and higher and close in top
part of
range
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|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Nvidia |
[NVDA|NVDA] | 95 | 46.52 | 6,241,288 |
9,114,900 |
| Cabot Microelectronics |
( CCMP | Quote | Chart | News | PowerRating) |
94 | 71.05 | 1,560,540 | 1,510,400 |
Enlantec Semiconductor |
( ELNT | Quote | Chart | News | PowerRating) |
91 | 35.64 | 601,277 |
436,100 |
| Intuit | ( INTU | Quote | Chart | News | PowerRating) |
89 | 42.25 | 3,241,609 | 3,979,200 |
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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 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
17 | 70.53 | 1,843,600 | 928,688 |
| Dynergy Corp. | ( DYN | Quote | Chart | News | PowerRating) |
14 | 34.75 | 3,224,400 | 2,013,914 |
| TMP Worldwide |
( TMPW | Quote | Chart | News | PowerRating) |
7 | 27.50 | 7,736,100 |
2,987,777 |
Rent-a-Center |
( RCII | Quote | Chart | News | PowerRating) |
6 | 25.90 | 3,026,027 | 647,874 |
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3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Sage, Inc. |
( SAGI | Quote | Chart | News | PowerRating) |
98 | 27.68 | 525,413 |
402,200 |
| Protein Design Labs | ( PDLI | Quote | Chart | News | PowerRating) |
97 | 34.17 | 3,133,618 | 1,865,400 |
| Cabot Microelectronics |
( CCMP | Quote | Chart | News | PowerRating) |
94 | 71.05 | 1,560,540 | 1,510,400 |
| Cadence Design Systems | ( CDN | Quote | Chart | News | PowerRating) |
88 | 25.52 | 1,661,877 | 1,439,600 |
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Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BISYS Group | ( BSYS | Quote | Chart | News | PowerRating) |
82 | 53.66 | 805,718 | 601,800 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
97 | 49.78 | 1,645,765 |
2,255,300 |
| Intuit | ( INTU | Quote | Chart | News | PowerRating) |
89 | 42.25 | 3,241,609 | 3,979,200 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
17 | 70.53 | 1,843,600 | 928,688 |
| TMP Worldwide |
( TMPW | Quote | Chart | News | PowerRating) |
7 | 27.50 | 7,736,100 |
2,987,777 |
| Dynergy Corp. | ( DYN | Quote | Chart | News | PowerRating) |
14 | 34.75 | 3,224,400 | 2,013,914 |
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Best of luck with your trading Friday. Please use
protective stops on trades.