Friday’s Stock Watch
The broader
markets
were mixed in a choppy and directionless session,
with
volume coming in about average. Internet and health-related stocks represented the
health of the day, while oil service and semiconductors were stick in the red. The stocks
on our watch list were mixed, with some accumulation, and one nasty sell-off.
Market breadth was neutral, with
NYSE declining issues over advancing issues by a ratio of 1.02, and down
volume over up volume by a 1.27 ratio. Nasdaq advancing issues over declining
issues came in at 1.003, and down volume beat up volume by a 1.02 ratio.
size=2>The Dow Jones Industrial Average
(
$INDU |
Quote |
Chart |
News |
PowerRating) closed down
0.26% style=”mso-bidi-font-size: 10.0pt”>to
10,067.86style=”mso-bidi-font-size: 10.0pt”>. The S&P
500
(
$SPX |
Quote |
Chart |
News |
PowerRating) closed up
0.12%style=”mso-bidi-font-size: 10.0pt”> to
1,156.55size=2>. The Nasdaq [$COMPQ |$COMPQ] closed up
0.11%size=2> to 2,047.24style=”mso-bidi-font-size: 10.0pt”>.
Issues
Issues
Volume
556,637,000
847,039,000
711,367,000
865,708,000
Volume
1,276,438,000
1,740,069,000
Highs
Lows
Top sectors:
CBOE Internet Index
(
$INX.X |
Quote |
Chart |
News |
PowerRating),
up 2.05% to 148.14.
Morgan Stanley Healthcare Payor Index
(
$HMO.X |
Quote |
Chart |
News |
PowerRating), up 1.60% to 453.71.
Losing sectors:
Oil Service Sector Index
(
$OSX.X |
Quote |
Chart |
News |
PowerRating), down
2.16% to 81.61.
Amex Hong Kong 30 Index
(
$HKX.X |
Quote |
Chart |
News |
PowerRating),
down 1.79 at 556.02.
Sectors With New
Highs:
Business – 9
Data Storage – 3
Healthcare – 3
Internet – 4
Regional Banks – 3
REITs – 3
Resorts and Casinos – 3
Restaurants – 7
Semiconductors – 7
Trucking – 4
Watch List Action
Krispy Kreme
(
KKD |
Quote |
Chart |
News |
PowerRating) stayed within its upward trend line today with a gain
of .14% on less than half its average volume. This close to the pivot point, we
like to see the stock at least stay within its trend line.
Direct Focus Inc.
(
DFXI |
Quote |
Chart |
News |
PowerRating), rose 1.31% today on above-average volume,
making two positive days in a row since its pivot point. Today was the first day
in five sessions that the stock didn’t make an accumulation day.
Recent Breakouts
size=2>We monitor the action of Recent Breakouts as an indicator of
the market health for IT traders. When breakouts are acting well, this is a good
sign for the likelihood of further sustainable breakouts. When breakouts are
failing, IT traders should be even more cautious.
American Healthways Inc.
(
AMHC |
Quote |
Chart |
News |
PowerRating), down 4.03% on
below-average volume.
Copart Inc.
(
CPRT |
Quote |
Chart |
News |
PowerRating), up 0.67% on above-average
volume for an accumulation day.
Ebay
(
EBAY |
Quote |
Chart |
News |
PowerRating), down 1.34% on below-average volume.
Genesis Microchip
(
GNSS |
Quote |
Chart |
News |
PowerRating), down 1.33% on average volume.
MTR Gaming Group
(
MNTG |
Quote |
Chart |
News |
PowerRating), up 1.46% on low
volume.
Nvidia Corp.
(
NVDA |
Quote |
Chart |
News |
PowerRating), down 2.39% on average
volume.
Panera Bread Co.
(
PNRA |
Quote |
Chart |
News |
PowerRating), up 0.85% on above-average volume.
PEC Solutions
(
PECS |
Quote |
Chart |
News |
PowerRating), down 12.26% on more than twice
its average volume for an accumulation day.
THQ Inc.
(
THQI |
Quote |
Chart |
News |
PowerRating), down 2.59% on below-average
volume.
| color=#ffffff size=2>Company Name | color=#ffffff size=2>Symbol | color=#ffffff size=2>12 Month RS | color=#ffffff size=2>Price | color=#ffffff size=2>Price Change | color=#ffffff size=2>Average Volume |
| size=2>American Healthways Inc. | size=2> ( AMHC | Quote | Chart | News | PowerRating) | size=2>96 | size=2>28.31 | – 1.19 | size=2>324,400 |
| size=2>Copart Inc. | size=2> ( CPRT | Quote | Chart | News | PowerRating) | size=2>87 | 32.92 | + 0.22 | size=2>666,700 |
| size=2>Direct Focus Inc. | size=2> ( DFXI | Quote | Chart | News | PowerRating) | size=2>89 | 35.55 | + 0.46 | size=2>689,900 |
| size=2>Ebay | size=2> ( EBAY | Quote | Chart | News | PowerRating) | size=2>89 | 65.99 | – 0.90 | size=2>7,238,200 |
| size=2>Genesis Microchip | size=2> ( GNSS | Quote | Chart | News | PowerRating) | size=2>99 | 71.54 | – 0.97 | size=2>2,597,800 |
| size=2>Krispy Kreme Doughnuts | size=2> ( KKD | Quote | Chart | News | PowerRating) | size=2>91 | 42.11 | + 0.06 | size=2>887,900 |
| size=2>MTR Gaming Group | size=2> ( MNTG | Quote | Chart | News | PowerRating) | size=2>96 | 16.55 | + 0.24 | size=2>487,300 |
| size=2>Nvidia Corp. | size=2> ( NVDA | Quote | Chart | News | PowerRating) | size=2>98 | 65.99 | – 1.62 | size=2>9,494,700 |
| size=2>Panera Bread Co. | size=2> ( PNRA | Quote | Chart | News | PowerRating) | size=2>93 | 55.46 | + 0.47 | size=2>284,700 |
| size=2>PEC Solutions | size=2> ( PECS | Quote | Chart | News | PowerRating) | size=2>98 | 36.40 | – 5.09 | size=2>600,700 |
| size=2>THQ Inc. | size=2> ( THQI | Quote | Chart | News | PowerRating) | size=2>80 | 48.07 | – 1.28 | size=2>1,593,500 |
Stocks Forming a Handle
Integra Lifesciences
(
IART |
Quote |
Chart |
News |
PowerRating) up 1.90% on average volume.
| color=#ffffff size=2>Company Name | color=#ffffff size=2>Symbol | color=#ffffff size=2>12 Month RS | color=#ffffff size=2>Price | color=#ffffff size=2>Price Change | color=#ffffff size=2>Average Volume |
| size=2>Integra Lifesciences | size=2> ( IART | Quote | Chart | News | PowerRating) | size=2>86 | 30.01 | + 0.56 | size=2>297,700 |
Stocks Building A Base
Multimedia Games Inc.
(
MGAM |
Quote |
Chart |
News |
PowerRating), down 4.47% on less
than half its
average volume.
| color=#ffffff size=2>Company Name | color=#ffffff size=2>Symbol | color=#ffffff size=2>12 Month RS | color=#ffffff size=2>Price | color=#ffffff size=2>Price Change | color=#ffffff size=2>Average Volume |
| size=2>Multimedia Games Inc. | size=2> ( MGAM | Quote | Chart | News | PowerRating) | size=2>99 | 37.15 | – 1.74 | size=2>187,400 |
href=”mailto:danielb@tradingmarkets.com”>danielb@tradingmarkets.com