Friday’s Top Names
Today’s afternoon sell off leaves the indices
with bearish tails to the downside and in a vulnerable position. This, in
conjunction with the five arrows pointing to the downside on tonight’s Market
Bias Page, leads to the probability of further corrective action. Keep the
first eye on the shorts, but have the long candidates ready in the event of a
reversal, as the market has has a tendency to chop around intraday.
Hottest Sectors: Utilities
(
$UTX.X |
Quote |
Chart |
News |
PowerRating) and
Telecommunications [$XTC,.X|$XTC.X].
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Friday’s stocks to
watch:
3
Month RS of 80 and higher and close in top part of range
Â
|
Name
|
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Christopher and Banks |
( CHBS | Quote | Chart | News | PowerRating) |
91 | 34.45 | 505,765 | 532,100 |
| Macromedia | ( MACR | Quote | Chart | News | PowerRating) |
96 | 21.65 | 814,511 | 4,869,600 |
| Michael’s Stores |
( MIKE | Quote | Chart | News | PowerRating) |
91 | 55.35 | 460,017 | 1,788,600 |
| Pediatrix Medical Group |
( PDX | Quote | Chart | News | PowerRating) |
85 | 36.51 | 459,211 | 1,225,900 |
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 |
| Barr Labs |
( BRL | Quote | Chart | News | PowerRating) |
13 | 66.68 | 943,737 | 1,680,300 |
| Cima Labs |
( CIMA | Quote | Chart | News | PowerRating) |
1 | 31.10 | 488,688 | 2,281,500 |
| Citrix Systems |
( CTXS | Quote | Chart | News | PowerRating) |
11 | 23.90 | 5,758,129 | 7,879,700 |
| Teva Pharmaceuticals |
( TEVA | Quote | Chart | News | PowerRating) |
18 | 57.80 | 1,313,088 | 3,803,500 |
Â
3 Month RS of 80
and higher with volume surge in last hour
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Brinker International |
( EAT | Quote | Chart | News | PowerRating) |
83 | 27.80 | 820,198 | 1,562,500 |
| SK Microelectronics |
( SKM | Quote | Chart | News | PowerRating) |
82 | 23.60 | 715,598 | 1,475,300 |
| Priority Healthcare |
[PHCC|PHCC} | 87 | 31.35 | 704,362 | 1,198,000 |
| International Business Machines |
( IBM | Quote | Chart | News | PowerRating) |
80 | 113.81 | 9,075,729 | 7,916,900 |
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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 |
| Christopher and Banks |
( CHBS | Quote | Chart | News | PowerRating) |
91 | 34.45 | 505,765 | 532,100 |
| Brinker International |
( EAT | Quote | Chart | News | PowerRating) |
83 | 27.80 | 820,198 | 1,562,500 |
| Pediatrix Medical Group |
( PDX | Quote | Chart | News | PowerRating) |
85 | 36.51 | 459,211 | 1,225,900 |
Low RS at
or near low
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Advanced Fibre Communications |
( ACFI | Quote | Chart | News | PowerRating) |
11 | 18.21 | 2,294,948 | 4,683,000 |
| Express Scripts |
( ESRX | Quote | Chart | News | PowerRating) |
4 | 37.85 | 2,034,602 | 5,672,700 |
| Universal Health |
( UHS | Quote | Chart | News | PowerRating) |
8 | 38.25 | 504,388 | 1,038,000 |
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Best of luck with your trading Friday. Please use
protective stops on all trades.