Friday’s Top Names
The indices continue to tread water and remain in
overbought territory. Despite the fact that they are prone to correction,
continue to take advantage of opportunities in both directions. In addition to
CVR I ,CVR III
and a
TRIN Thrust sell from Wednesday night, we now have a CVR VI sell from
tonight’s scans in the mix as well. If the correction happens on Friday, you
should not be surprised, but things have not been so pat lately, so don’t be
surprised if we go up again tomorrow either.
Hottest Sectors: Transports
(
$TRX.X |
Quote |
Chart |
News |
PowerRating) and Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Broker Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Friday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Action Performance Companies |
( ACTN | Quote | Chart | News | PowerRating) |
89 | 29.81 | 392,620 |
569,300 |
| Cree Research | ( CREE | Quote | Chart | News | PowerRating) |
86 | 24.10 | 1,509,206 | 3,315,800 |
Adolph Coors |
( RKY | Quote | Chart | News | PowerRating) |
83 | 56.52 | 359,629 |
888,600 |
| Whole Foods Market | ( WFMI | Quote | Chart | News | PowerRating) |
81 | 40.75 | 639,617 | 3,469,800 |
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 |
| Americredit | ( ACF | Quote | Chart | News | PowerRating) |
1 | 23.75 | 2,783,415 | 3,242,500 |
| AdvancePCS | ( ADVP | Quote | Chart | News | PowerRating) |
8 | 27.19 | 1,225,544 | 2,296,100 |
| Devon Energy |
( DVN | Quote | Chart | News | PowerRating) |
17 | 33.17 | 1,610,875 |
3,450,100 |
| Impath | ( IMPH | Quote | Chart | News | PowerRating) |
8 | 35.88 | 339,058 | 533,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Kohl’s Corp. |
( KSS | Quote | Chart | News | PowerRating) |
85 | 67.20 | 1,903,931 |
2,517,100 |
| Brinker International | ( EAT | Quote | Chart | News | PowerRating) |
80 | 27.90 | 897,945 | 1,582,700 |
| Affymetrix | ( AFFX | Quote | Chart | News | PowerRating) |
99 | 33.21 | 2,776,677 |
2,895,700 |
| Microchip Technologies | ( MCHP | Quote | Chart | News | PowerRating) |
83 | 36.53 | 2,382,431 | 2,895,700 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
88 | 71.57 | 1,604,998 | 1,290,00 |
| Convergys Corp. | ( CVG | Quote | Chart | News | PowerRating) |
82 | 31.69 | 691,288 | 923,100 |
| Guidant | ( GDT | Quote | Chart | News | PowerRating) |
82 | 44.24 | 2,808,475 | 2,615,300 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
8 | 54.15 | 725,838 | 1,291,800 |
| Devon Energy |
( DVN | Quote | Chart | News | PowerRating) |
17 | 33.17 | 1,610,875 |
3,450,100 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.