Friday’s Top Names
Short-term momentum is favoring the
downside, as
the Nasdaq Composite
(
$COMPQ |
Quote |
Chart |
News |
PowerRating) violated the bottom of its trend
channel, as did the Dow and S&P index. Be on alert, however, in the event this is
just a short-term washout before another move to the upside. Look for entries
coinciding with market direction, and honor stops. This market seems to be
saying it isn’t liking the negative earnings news, so if more comes (which is
likely), be ready.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and
Telecommunications
(
$XTC.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 |
Career Education Corp. |
( CECO | Quote | Chart | News | PowerRating) |
85 | 35.58 | 702,673 |
765,000 |
| ImClone Systems | ( IMCL | Quote | Chart | News | PowerRating) |
87 | 69.61 | 2,322,366 | 1,707,800 |
Intermune |
( ITMN | Quote | Chart | News | PowerRating) |
90 | 51.06 | 496,666 |
1,157,400 |
| SteriCycle | ( SRCL | Quote | Chart | News | PowerRating) |
81 | 60.80 | 294,512 | 287,500 |
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 |
| American Eagle Outfitters | ( AEOS | Quote | Chart | News | PowerRating) |
11 | 22.75 | 2,259,146 | 3,279,900 |
| Devon Energy | ( DVN | Quote | Chart | News | PowerRating) |
16 | 33.00 | 1,561,342 | 1,338,000 |
Kerr-McGee |
( KMG | Quote | Chart | News | PowerRating) |
18 | 49.38 | 994,291 |
889,600 |
| Exxon Mobil | ( XOM | Quote | Chart | News | PowerRating) |
20 | 36.44 | 11,422,898 | 15,931,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BJ Services | ( BJS | Quote | Chart | News | PowerRating) |
90 | 28.85 | 3,481,376 | 2,232,100 |
| ENSCO International | ( ESV | Quote | Chart | News | PowerRating) |
84 | 21.75 | 2,141,719 | 2,035,200 |
| Noble Drilling |
( NE | Quote | Chart | News | PowerRating) |
81 | 31.27 | 1,777,371 |
1,616,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Applied Biosystems | ( ABI | Quote | Chart | News | PowerRating) |
80 | 33.66 | 1,167,612 | 1,747,200 |
| PEC Solutions |
( PECS | Quote | Chart | News | PowerRating) |
96 | 34.80 | 494,351 |
454,100 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Jack Henry & Associates | ( JKHY | Quote | Chart | News | PowerRating) |
10 | 19.95 | 503,215 | 6,486,500 |
| iStar Financial | ( SFI | Quote | Chart | News | PowerRating) |
19 | 24.34 | 354,405 | 301,800 |
| Utilicorp United | ( UCU | Quote | Chart | News | PowerRating) |
2 | 22.87 | 643,218 | 1,711,300 |
Best of luck with your trading Friday. Please use
protective stops on trades.