Friday’s Top Names
Thursday was a prime example of
why we follow, not try to lead.
While we had CVR sell signals and short-term
overbought conditions, the market popped on the open, and dipped a little but
never sold off, with a number of stocks showing solid gains. Our job a
daytraders is to show up when the momentum does. Don’t forget that, and you
will be okay. Lean to the longs again, but be ready to take on shorts if need
be.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and 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 |
| Automatic Data Processing | ( ADP | Quote | Chart | News | PowerRating) |
81 | 42.20 | 3,115,063 | 3,570,400 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
80 | 52.98 | 1,797,412 | 3,149,300 |
Forest Labs |
( FRX | Quote | Chart | News | PowerRating) |
96 | 100.29 |
2,053,738 |
2,836,900 |
| Symantec | ( SYMC | Quote | Chart | News | PowerRating) |
89 | 39.26 | 4,551,567 | 10,034,600 |
Â
3 Month RS of 30 or lower
and close in bottom part of range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
25 | 26.75 | 4,975,166 | 15,029,100 |
| Dillard’s | ( DDS | Quote | Chart | News | PowerRating) |
19 | 15.59 | 906,882 | 2,696,700 |
Household International |
( HI | Quote | Chart | News | PowerRating) |
24 | 27.00 | 5,910,677 |
6,482,400 |
| Kohl’s Corp. | ( KSS | Quote | Chart | News | PowerRating) |
26 | 55.11 | 3,670,917 | 5,324,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Patterson Energy | ( PTEN | Quote | Chart | News | PowerRating) |
86 | 29.13 | 1,222,342 | 1,090,254 |
| Techne Corp. | ( TECH | Quote | Chart | News | PowerRating) |
94 | 33.43 | 481,320 | 416,267 |
| Scholastic Corp. | ( SCHL | Quote | Chart | News | PowerRating) |
96 | 46.65 | 456,507 | 305,895 |
| Dunn & Bradstreet | ( DNB | Quote | Chart | News | PowerRating) |
88 | 36.31 | 301,126 | 326,600 |
Â
3 Month RS of 30 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Nucor Corp. | ( NUE | Quote | Chart | News | PowerRating) |
18 | 38.05 | 950,117 | 2,830,400 |
| Cigna | ( CI | Quote | Chart | News | PowerRating) |
22 | 60.39 | 1,086,768 | 2,296,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Stryker Corp. | ( SYK | Quote | Chart | News | PowerRating) |
93 | 64.70 | 755,808 | 1,253,700 |
| Winnebago | ( WGO | Quote | Chart | News | PowerRating) |
86 | 46.87 | 282,594 | 270,700 |
| Zimmer Holdings | ( ZMH | Quote | Chart | News | PowerRating) |
93 | 42.05 | 1,274,689 | 1,949,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| AMN Healthcare | ( AHS | Quote | Chart | News | PowerRating) |
10 | 16.03 | 475,154 | 226,300 |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
25 | 26.75 | 4,975,166 | 15,029,100 |
| Sears | ( S | Quote | Chart | News | PowerRating) |
19 | 23.15 | 3,661,360 | 35,692,500 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.