Friday’s Top Names

While there may be several
technical reasons for a bounce, there seems to be an absence of buyers.

Until this changes, the biggest moves will still be to the downside. Keep
this in mind when forming your plan for Friday tonight.

Hottest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)

and the Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
.

Weakest Sectors: Banks
(
$BKX.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


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Alberto-Culver Co.
(
ACV |
Quote |
Chart |
News |
PowerRating)
84 50.00 275,014 324,600
Dianon Systems
(
DIAN |
Quote |
Chart |
News |
PowerRating)
96 45.84 320,382 159,700

Forest Labs

(
FRX |
Quote |
Chart |
News |
PowerRating)
97 91.18
2,016,195

2,253,700
Henry Schein
(
HSIC |
Quote |
Chart |
News |
PowerRating)
94 53.11 433,204 763,100

 

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

Bowater
(
BOW |
Quote |
Chart |
News |
PowerRating)
18 35.70 694,822 450,400
DST Systems
(
DST |
Quote |
Chart |
News |
PowerRating)
18 26.87 554,248 1,315,200

KLA-Tencor

(
KLAC |
Quote |
Chart |
News |
PowerRating)
14 27.48
16,297,412

16,756,700
MGIC Investments
(
MTG |
Quote |
Chart |
News |
PowerRating)
8 38.99 1,153,872 1,600,500


3 Month RS of 80
and higher with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Arkansas Best Corp.
(
ABFS |
Quote |
Chart |
News |
PowerRating)
96 30.53 304,667 738,700
Gtech Holdings
(
GTK |
Quote |
Chart |
News |
PowerRating)
96 24.50 773,134 468,500
Dean Foods
(
DF |
Quote |
Chart |
News |
PowerRating)
93 40.21 815,471 634,500
Teva Pharmaceuticals
(
TEVA |
Quote |
Chart |
News |
PowerRating)
85 68.07 924,992 577,274

 

3 Month RS of 20 and lower with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

New Century Financial
(
NCEN |
Quote |
Chart |
News |
PowerRating)
19 21.09 671,098 1,575,100
Valero Energy
(
VLO |
Quote |
Chart |
News |
PowerRating)
20 25.40 1,129,089 2,014,000
Astoria Financial
(
AF |
Quote |
Chart |
News |
PowerRating)
19 22.85 553,008 876,900
Tiffany & Co.
(
TIF |
Quote |
Chart |
News |
PowerRating)
15 22.62 1,321,854 1,557,700

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume


Consolidated Edison

(
ED |
Quote |
Chart |
News |
PowerRating)
83 42.21
1,072,602

1,251,900
Roadway Systems
(
ROAD |
Quote |
Chart |
News |
PowerRating)
97 38.95 406,906 771,900
Stryker Corp.
(
SYK |
Quote |
Chart |
News |
PowerRating)
90 59.33 759,865 954,700

 

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Christopher & Banks
(
CBK |
Quote |
Chart |
News |
PowerRating)
9 23.66 386,167 383,600
Greater Bay Bancorp
(
GBBK |
Quote |
Chart |
News |
PowerRating)
9 14.11 1,204,236 4,616,600
RJ Reynolds Tobacco
(
RJR |
Quote |
Chart |
News |
PowerRating)
20 38.46 1,231,588 1,212,500

 

Best of luck with your trading Friday. Please use
protective stops on trades.