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