Friday’s Hit List
The Nasdaq Composite
(
$NDX.X |
Quote |
Chart |
News |
PowerRating) rallied into the close to end up
in the green, with biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) leading the way. Telecommunications,
oil service and semiconductors were the sectors weighing down any further upside
action.
While the strong last hour is constructive and we have a CVR I signal to the
upside, be careful of the long side. The indices have made a substantial move
off the September lows and are in the process of pulling back from Wednesday’s
gap high. However, news is continuing to drive volatility, so be ready to play
either side and take what the market gives you.
Friday’s stocks to watch:
3 Month RS of 90 and higher and Close
in Top of Range
|
Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| Celestica | ( CLS | Quote | Chart | News | PowerRating) |
94 | 33.52 | 3,109,650 | 2,876,800 |
| Immunex |
( IMNX | Quote | Chart | News | PowerRating) |
95 | 21.97 | 16,377,945 |
11,561,400 |
| QLogic |
( QLGC | Quote | Chart | News | PowerRating) |
96 |
36.13 | 11,577,759 | 16,260,800 |
| Juniper Networks |
( JNPR | Quote | Chart | News | PowerRating) |
98 | 23.00 | 23,676,486 | 35,498,700 |
3 Month RS of 20 or lower and close in bottom of range
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| Calpine |
( CPN | Quote | Chart | News | PowerRating) |
9 | 25.27 | 6,555,295 | 3,532,800 |
Lincare Holdings |
( LNCR | Quote | Chart | News | PowerRating) |
9 |
24.50 | 1,562,881 | 1,315,300 |
TMP Worldwide |
( TMPW | Quote | Chart | News | PowerRating) |
6 | 30.99 | 3,888,459 | 1,900,700 |
| Metro One |
( MTON | Quote | Chart | News | PowerRating) |
3 | 23.24 | 973,381 | 1,296,100 |
3 Month RS of 80 and higher with volume surge in last hour
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| Doral Financial |
( DORL | Quote | Chart | News | PowerRating) |
83 | 34.03 | 512,627 | 543,100 |
| O’Reilly Automotive |
( ORLY | Quote | Chart | News | PowerRating) |
85 | 29.48 | 469,577 | 696,700 |
| Independence Community Bank |
( ICBC | Quote | Chart | News | PowerRating) |
93 | 22.24 | 759,213 | 327,400 |
| Intersil Holdings |
( ISIL | Quote | Chart | News | PowerRating) |
97 | 32.02 | 2,401,309 | 1,725,200 |
Stocks in Slim Jims
At or near high
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| CDW Computer |
( CDWC | Quote | Chart | News | PowerRating) |
95 | 43.89 | 1,086,740 | 1,309,500 |
| Juniper Networks |
( JNPR | Quote | Chart | News | PowerRating) |
98 | 23.00 | 23,676,486 | 35,498,700 |
| QLogic |
( QLGC | Quote | Chart | News | PowerRating) |
96 |
36.13 | 11,577,759 | 16,260,800 |
At or near low
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| Allergan | ( AGN | Quote | Chart | News | PowerRating) |
18 | 64.26 | 886,398 |
2,491,300 |
| Comerica, Inc. |
( CMA | Quote | Chart | News | PowerRating) |
18 | 45.97 | 806,785 | 1,889,700 |
| Calpine |
( CPN | Quote | Chart | News | PowerRating) |
9 | 25.27 | 6,555,295 | 3,532,800 |
Best of luck with your trading Friday. Please use protective stops on trades.