Friday’s Top Names
Again on Thursday night we
have the indices set up in pullbacks to the 20-day moving average.
I would again keep my eye on the long side, since
when the indices are in strong uptrends we often get bounces from this moving
average. Have your shorts ready just in case the pullback continues.
Hottest Sectors:
The Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and the Airlines
(
$XAL.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
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Avocent Corp. |
( AVCT | Quote | Chart | News | PowerRating) |
90 | 24.88 | 499,904 |
610,151 |
| Emulex | ( ELX | Quote | Chart | News | PowerRating) |
90 | 22.02 | 3,604,645 | 3,674,300 |
Overture Services |
( OVER | Quote | Chart | News | PowerRating) |
89 | 27.82 | 1,712,249 |
3,563,825 |
| Silicon Labs | ( SLAB | Quote | Chart | News | PowerRating) |
82 | 24.25 | 1,351,439 | 1,154,305 |
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 |
| Amerisource Bergen | ( ABC | Quote | Chart | News | PowerRating) |
10 | 60.73 | 1,615,022 | 2,733,900 |
| Daimler Chrysler | ( DCX | Quote | Chart | News | PowerRating) |
17 | 33.64 | 736,266 | 558,400 |
Kimberly-Clark |
( KMB | Quote | Chart | News | PowerRating) |
19 | 48.30 | 1,915,509 |
5,311,200 |
| Northrup-Grumman | ( NOC | Quote | Chart | News | PowerRating) |
11 | 94.21 | 2,185,928 | 1,409,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Kronos | ( KRON | Quote | Chart | News | PowerRating) |
92 | 44.72 | 288,359 | 380,892 |
| Hot Topic | ( HOTT | Quote | Chart | News | PowerRating) |
82 | 24.38 | 986,364 | 881,470 |
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 |
| Tech Data | ( TECD | Quote | Chart | News | PowerRating) |
15 | 28.00 | 982,264 | 1,992,638 |
| Honeywell | ( HON | Quote | Chart | News | PowerRating) |
19 | 24.33 | 4,913,218 | 3,056,700 |
| Jefferson-Pilot | ( JP | Quote | Chart | News | PowerRating) |
20 | 36.84 | 555,912 | 606,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Getty Images | ( GYI | Quote | Chart | News | PowerRating) |
88 | 29.42 | 203,967 | 210,000 |
Overture Services |
( OVER | Quote | Chart | News | PowerRating) |
89 | 27.82 | 1,712,249 |
3,563,825 |
| Williams-Sonoma | ( WSM | Quote | Chart | News | PowerRating) |
80 | 27.80 | 1,268,652 | 1,973,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Kimberly-Clark | ( KMB | Quote | Chart | News | PowerRating) |
19 | 48.30 | 1,915,509 | 5,311,200 |
McKesson Corp. |
( MCK | Quote | Chart | News | PowerRating) |
9 | 26.30 | 1,729,635 |
3,180,100 |
| TRW Inc. | ( TRW | Quote | Chart | News | PowerRating) |
19 | 50.26 | 1,215,965 | 1,003,900 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.