Friday’s Top Names
The indices late day slide
keeps the break of support still pointing toward continuation.
We saw nothing today to show that things are going
to take a different tack. Continue to focus on the short side, and be ready in
the event some triple witch buyers show up.
Hottest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating),
Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) and High Tech
(
$PSE.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 |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
99 | 28.41 | 904,494 | 719,600 |
| General Growth Properties | ( GGP | Quote | Chart | News | PowerRating) |
83 | 50.80 | 300,212 | 289,100 |
Mandaly Resort Group |
( MBG | Quote | Chart | News | PowerRating) |
88 | 32.93 | 705,226 |
1,847,400 |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
94 | 29.13 | 4,805,038 | 4,618,300 |
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 |
| Black Box | ( BBOX | Quote | Chart | News | PowerRating) |
16 | 30.31 | 456,505 | 908,498 |
| Cigna | ( CI | Quote | Chart | News | PowerRating) |
19 | 75.31 | 989,692 | 614,500 |
KLA-Tencor |
( KLAC | Quote | Chart | News | PowerRating) |
6 | 28.25 | 15,637,269 |
17,627,900 |
| RJ Reynolds Tobacco | ( RJR | Quote | Chart | News | PowerRating) |
19 | 50.45 | 1,202,714 | 692,800 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Meridan Gold | ( MDG | Quote | Chart | News | PowerRating) |
98 | 20.21 | 763,177 | 628,000 |
| Pacific Sunwear | ( PSUN | Quote | Chart | News | PowerRating) |
95 | 23.22 | 1,014,847 | 538,000 |
| Devon Energy | ( DVN | Quote | Chart | News | PowerRating) |
86 | 47.51 | 1,023,235 | 834,600 |
| Mylan Labs | ( MYL | Quote | Chart | News | PowerRating) |
88 | 31.75 | 803,786 | 588,700 |
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 |
| Starwood Hotels & Resorts | ( HOT | Quote | Chart | News | PowerRating) |
18 | 22.60 | 2,270,306 | 2,808,600 |
| Molex Corp | ( MOLXA | Quote | Chart | News | PowerRating) |
18 | 21.30 | 387,992 | 527,783 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Diageo Plc. Ads | ( DEO | Quote | Chart | News | PowerRating) |
88 | 50.40 | 311,289 | 349,400 |
| Rehab Care | ( RHB | Quote | Chart | News | PowerRating) |
80 | 24.97 | 231,595 | 172,600 |
| Zimmer Holdings | ( ZMH | Quote | Chart | News | PowerRating) |
92 | 38.36 | 1,060,689 | 1,434,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Four Seasons Hotels | ( FS | Quote | Chart | News | PowerRating) |
18 | 30.50 | 254,091 | 230,200 |
| TransOcean Sedco | ( RIG | Quote | Chart | News | PowerRating) |
10 | 20.35 | 2,709,795 | 4,996,400 |
| Tiffany & Co. | ( TIF | Quote | Chart | News | PowerRating) |
17 | 23.78 | 1,298,418 | 936,400 |
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Best of luck with your trading Friday. Please use
protective stops on trades.