Friday’s Top Names
The bounce came, the indices
closed strongly, and we have CVR I and VI buy signals in place for tonight.
This continues to place the focus on the long side.
Keep your eyes on that side, but have the shorts ready, just in case.
Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.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) |
93 | 39.81 | 619,925 | 1,865,000 |
| Cooper Companies | ( COO | Quote | Chart | News | PowerRating) |
96 | 55.10 | 296,543 | 478,900 |
InterMune |
( ITMN | Quote | Chart | News | PowerRating) |
98 | 32.19 | 1,587,221 |
1,115,100 |
| Overture Services | ( OVER | Quote | Chart | News | PowerRating) |
88 | 27.08 | 1,467,574 | 4,029,600 |
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 |
| Christopher and Banks | ( CBK | Quote | Chart | News | PowerRating) |
6 | 21.65 | 405,060 | 739,100 |
| Lowes Carolina Group | ( CG | Quote | Chart | News | PowerRating) |
18 | 17.93 | 403,194 | 258,300 |
Precision Castparts |
( PCP | Quote | Chart | News | PowerRating) |
14 | 17.20 | 454,888 |
573,500 |
| RJ Reynolds Tobacco | ( RJR | Quote | Chart | News | PowerRating) |
11 | 35.60 | 1,297,957 | 1,193,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| J2 Global Communcations | ( JCOM | Quote | Chart | News | PowerRating) |
97 | 21.92 | 336,535 | 403,100 |
| Gtech Holdings | ( GTK | Quote | Chart | News | PowerRating) |
96 | 24.25 | 738,471 | 914,900 |
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 |
| Christopher and Banks | ( CBK | Quote | Chart | News | PowerRating) |
6 | 21.65 | 405,060 | 739,100 |
| Laboratory Corp. | ( LH | Quote | Chart | News | PowerRating) |
6 | 20.44 | 2,362,860 | 3,810,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Hotels.com |
( ROOM | Quote | Chart | News | PowerRating) |
88 | 47.85 | 819,221 |
1,746,600 |
| Southern Company | ( SO | Quote | Chart | News | PowerRating) |
92 | 28.89 | 2,486,951 | 4,036,000 |
Willis Group Holdings |
( WSH | Quote | Chart | News | PowerRating) |
90 | 33.88 | 647,091 |
485,400 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Sealed Air | ( SEE | Quote | Chart | News | PowerRating) |
10 | 13.15 | 1,642,438 | 1,663,100 |
| Lowes Carolina Group | ( CG | Quote | Chart | News | PowerRating) |
18 | 17.93 | 403,194 | 258,300 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.