Friday’s Top Names
Two days up for the Dow and
S&P are good signals for the momentum to potentially continue.
There is a good chance we could get a least one more
day of upward movement. The setups to the long side continue to look better, so
stick with them and have the shorts ready in the event the bears take control.
Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and the
Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Friday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alcon | ( ACL | Quote | Chart | News | PowerRating) |
87 | 37.65 | 553,471 | 1,599,300 |
| CTI Molecular Imaging | ( CTMI | Quote | Chart | News | PowerRating) |
91 | 25.01 | 253,240 | 945,200 |
International Game Technology |
( IGT | Quote | Chart | News | PowerRating) |
95 | 70.09 | 949,725 |
1,819,200 |
| Pixar | ( PIXR | Quote | Chart | News | PowerRating) |
85 | 49.05 | 477,247 | 651,900 |
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 |
| Cymer, Inc. | ( CYMI | Quote | Chart | News | PowerRating) |
10 | 19.72 | 1,825,361 | 1,725,300 |
| Fidelity National Information | ( FNIS | Quote | Chart | News | PowerRating) |
15 | 16.86 | 175,193 | 353,000 |
Molex, Inc. |
( MOLX | Quote | Chart | News | PowerRating) |
20 | 24.53 | 1,878,444 |
1,681,200 |
| Siemens | ( SI | Quote | Chart | News | PowerRating) |
14 | 37.09 | 348,752 | 286,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
97 | 51.70 | 799,182 | 1,184,800 |
| Fedex | ( FDX | Quote | Chart | News | PowerRating) |
88 | 51.95 | 2,055,808 | 2,591,300 |
| Trimeris | ( TRMS | Quote | Chart | News | PowerRating) |
87 | 45.81 | 551,113 | 1,066,600 |
| Johnson and Johnson | ( JNJ | Quote | Chart | News | PowerRating) |
82 | 55.54 | 10,303,917 | 8,433,500 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| National Instruments | ( NATI | Quote | Chart | News | PowerRating) |
14 | 21.93 | 308,063 | 395,100 |
| Alcoa | ( AA | Quote | Chart | News | PowerRating) |
10 | 20.00 | 4,555,795 | 5,348,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pixar | ( PIXR | Quote | Chart | News | PowerRating) |
85 | 49.05 | 477,247 | 651,900 |
| Stryker Corp. | ( SYK | Quote | Chart | News | PowerRating) |
86 | 57.43 | 752,477 | 667,300 |
| Westwood One | ( WON | Quote | Chart | News | PowerRating) |
87 | 37.04 | 595,622 | 750,700 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Mercury Interactive | ( MERQ | Quote | Chart | News | PowerRating) |
18 | 19.01 | 4,508,586 | 4,373,300 |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
19 | 23.92 | 664,869 | 639,600 |
| Xilinx | ( XLNX | Quote | Chart | News | PowerRating) |
19 | 16.10 | 11,089,719 | 2,802,500 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.