Friday’s Top Names
Wednesday started out as expected, with the S&P
500
(
$SPX.X |
Quote |
Chart |
News |
PowerRating) and the Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) trading lower, but
then reversing to close in the top of their range. The path of least
resistance still favors the correction to continue, but keep on your toes
Friday. A shortened trading session, combined with likely thin trading, means
anything could happen. The market continues to be susceptible to news
surrounding the activity overseas. The best course of action is to be biased to
the short side, but don’t ignore the longs should Friday’s action favor that
direction.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Pharmaceuticals
(
$DRG.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Technology
(
$PSE.X |
Quote |
Chart |
News |
PowerRating) and
the Oil Index
(
$XOI.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 |
Affymetrix |
( AFFX | Quote | Chart | News | PowerRating) |
98 | 34.80 | 1,613,226 |
1,686,100 |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
94 | 45.95 | 14,167,312 | 3,946,800 |
Guidant Corp. |
( GDT | Quote | Chart | News | PowerRating) |
93 | 50.30 | 2,800,543 |
6,572,800 |
Neurocrine Biosciences |
( NBIX | Quote | Chart | News | PowerRating) |
84 | 45.48 | 305,434 |
1,118,500 |
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 |
| BJ’s Wholesale | ( BJ | Quote | Chart | News | PowerRating) |
4 | 45.10 | 820,769 | 1,340,500 |
| Calpine | ( CPN | Quote | Chart | News | PowerRating) |
16 | 24.44 | 5,049,809 | 6,508,000 |
Express Scripts |
( ESRX | Quote | Chart | News | PowerRating) |
17 | 39.52 | 2,232,995 |
2,739,300 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
16 | 60.70 | 937,998 | 1,008,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Nordstrom |
( JWN | Quote | Chart | News | PowerRating) |
84 | 20.09 | 664,868 |
611,000 |
| Titan Corp. | ( TTN | Quote | Chart | News | PowerRating) |
83 | 23.80 | 2,287,050 | 538,800 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Guidant Corp. | ( GDT | Quote | Chart | News | PowerRating) |
93 | 50.30 | 2,800,543 | 6,572,800 |
| Intel | ( INTC | Quote | Chart | News | PowerRating) |
83 | 30.81 | 55,167,152 | 54,687,200 |
Neurocrine Biosciences |
( NBIX | Quote | Chart | News | PowerRating) |
84 | 45.48 | 305,434 |
1,118,500 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Baker Hughes | ( BHI | Quote | Chart | News | PowerRating) |
12 | 32.40 | 2,785,626 | 2,640,500 |
AdvancePCS |
( ADVP | Quote | Chart | News | PowerRating) |
7 | 28.61 | 1,323,165 | 5,861,800 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.