Friday’s Top Names
Tonight’s focus is to the short side, as a pause
is in order and we have four red arrows on the
Market Bias Page. Be ready to jump on that side if the market sells off and
you get good short entries, but keep an eye on longs if the momentum shows up
and buying resumes.
Hottest Sectors:
Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Service
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Retail
(
$RLX.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 |
Brocade |
( BRCD | Quote | Chart | News | PowerRating) |
97 | 38.66 | 18,237,715 |
20,465,800 |
| Christopher and Banks | ( CHBS | Quote | Chart | News | PowerRating) |
85 | 43.16 | 433,320 | 459,000 |
International Game Technology |
( IGT | Quote | Chart | News | PowerRating) |
80 | 66.04 | 1,424,695 |
1,270,500 |
| PMC-Sierra | ( PMCS | Quote | Chart | News | PowerRating) |
95 | 29.94 | 11,603,782 | 2,070,900 |
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 |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
4 | 58.79 | 837,771 | 853,600 |
| Cooper Cameron | ( CAM | Quote | Chart | News | PowerRating) |
13 | 37.19 | 1,025,689 | 806,400 |
Chevron Texaco |
( CVX | Quote | Chart | News | PowerRating) |
15 | 85.98 | 3,286,978 |
2,335,900 |
| Kerr-McGee | ( KMG | Quote | Chart | News | PowerRating) |
11 | 52.40 | 1,005,305 | 891,600 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| SCI Systems | ( SCI | Quote | Chart | News | PowerRating) |
94 | 33.15 | 1,457,190 | 5,447,300 |
| Action Performance Companies | ( ACTN | Quote | Chart | News | PowerRating) |
94 | 36.30 | 365,223 | 429,700 |
| F5 Networks |
( FFIV | Quote | Chart | News | PowerRating) |
97 | 25.10 | 909,071 |
510,800 |
| Manhattan Associates | ( MANH | Quote | Chart | News | PowerRating) |
92 | 33.62 | 621,328 | 1,478,900 |
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) |
85 | 43.16 | 433,320 | 459,000 |
| Immunomedics | ( IMMU | Quote | Chart | News | PowerRating) |
92 | 22.98 | 376,231 | 1,119,500 |
| Mentor Graphics | ( MENT | Quote | Chart | News | PowerRating) |
87 | 24.04 | 929,362 | 1,067,700 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Chevron Texaco | ( CVX | Quote | Chart | News | PowerRating) |
15 | 85.98 | 3,286,978 | 2,335,900 |
Halliburton |
( HAL | Quote | Chart | News | PowerRating) |
3 | 20.85 | 5,301,331 |
7,513,500 |
| Kerr-McGee | ( KMG | Quote | Chart | News | PowerRating) |
11 | 52.40 | 1,005,305 | 891,600 |
Best of luck with your trading Friday. Please
use protective stops on trades.