Friday’s Top Names
Thursday’s action leaves little setups on the
long side. Therefore, do what the charts tell you and concentrate on the shorts
for Friday. We do have some (a few) long side setups at the ready in the event
they stage a turnaround on Friday.
Hottest Sectors:Â None.
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating).
Friday’s stocks
to watch:
3 Month RS of 80 and higher and close in top
part of
range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
AdvancePCS |
( ADVP | Quote | Chart | News | PowerRating) |
89 | 27.49 | 1,747,750 |
2,397,988 |
| Cephalon | ( CEPH | Quote | Chart | News | PowerRating) |
82 | 55.49 | 2,006,464 | 8,584,171 |
Pacific Sunwear |
( PSUN | Quote | Chart | News | PowerRating) |
88 | 25.34 | 1,044,349 |
1,391,952 |
| Ryanair Holdings | ( RYAAY | Quote | Chart | News | PowerRating) |
88 | 43.04 | 252,814 | 694,128 |
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 |
| Boeing | ( BA | Quote | Chart | News | PowerRating) |
17 | 32.29 | 4,272,058 | 4,378,800 |
| H&R Block | ( HRB | Quote | Chart | News | PowerRating) |
5 | 35.35 | 2,429,937 | 10,669,700 |
| MDC Holdings |
( MDC | Quote | Chart | News | PowerRating) |
17 | 35.21 | 193,946 |
322,300 |
| SunTrust Banks | ( STI | Quote | Chart | News | PowerRating) |
20 | 58.39 | 1,184,572 | 1,582,800 |
Â
3 Month RS of 80
and higher with volume surge in last hour
None Today
3 Month RS of 20
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| H&R Block | ( HRB | Quote | Chart | News | PowerRating) |
5 | 35.35 | 2,429,937 | 10,669,700 |
| North Fork Bank | ( NFB | Quote | Chart | News | PowerRating) |
16 | 35.24 | 1,002,568 | 2,849,300 |
| General Motors | ( GM | Quote | Chart | News | PowerRating) |
15 | 34.58 | 6,183,529 | 6,708,100 |
| Activision | ( ATVI | Quote | Chart | News | PowerRating) |
16 | 21.61 | 2,704,036 | 3,179,977 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cephalon | ( CEPH | Quote | Chart | News | PowerRating) |
82 | 55.49 | 2,006,464 | 8,584,171 |
Expedia |
( EXPE | Quote | Chart | News | PowerRating) |
95 | 75.10 | 2,197,043 |
4,464,843 |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
89 | 63.70 | 866,468 | 851,631 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Michael’s Stores | ( MIK | Quote | Chart | News | PowerRating) |
13 | 33.90 | 900,523 | 9,151,300 |
| PPG Industries |
{PPG|PPG] | 18 | 48.20 | 994,894 |
418,600 |
| SunTrust Banks | ( STI | Quote | Chart | News | PowerRating) |
20 | 58.39 | 1,184,572 | 1,582,800 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.