Friday’s Top Names
The long side still seems to
be the play, based on the daily charts of the indices.
We did get a re-trigger of the CVR III sell signal
again tonight, however, so keep that in mind for Friday. The best looking setups
still seem to be to the long side, so look at that direction first and then go
to the few short setups if the selling takes over.
Hottest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Utilities
(
$UTY.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 |
| Apollo Group | ( APOL | Quote | Chart | News | PowerRating) |
94 | 41.19 | 2,566,453 | 5,101,400 |
| Immucor | ( BLUD | Quote | Chart | News | PowerRating) |
98 | 26.16 | 299,667 | 573,100 |
Electronic Arts |
( ERTS | Quote | Chart | News | PowerRating) |
81 | 62.00 | 4,513,766 |
4,939,600 |
| Harrah’s Entertainment | ( HET | Quote | Chart | News | PowerRating) |
88 | 49.18 | 1,243,263 | 1,409,700 |
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 |
| BISYS Group | ( BSG | Quote | Chart | News | PowerRating) |
8 | 25.33 | 858,438 | 972,100 |
| Cerner Corp. | ( CERN | Quote | Chart | News | PowerRating) |
13 | 37.79 | 706,174 | 734,237 |
PayChex |
( PAYX | Quote | Chart | News | PowerRating) |
8 | 22.98 | 3,572,161 |
6,190,672 |
| Sealed Air | ( SEE | Quote | Chart | News | PowerRating) |
1 | 14.92 | 1,216,495 | 2,374,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Coach, Inc. | ( COH | Quote | Chart | News | PowerRating) |
81 | 26.98 | 729,649 | 1,118,300 |
| Whole Foods Market | ( WFMI | Quote | Chart | News | PowerRating) |
81 | 48.84 | 775,127 | 1,201,286 |
Wendy’s |
( WEN | Quote | Chart | News | PowerRating) |
85 | 39.40 | 1,156,291 |
1,443,000 |
| General Growth Properties | ( GGP | Quote | Chart | News | PowerRating) |
82 | 48.60 | 279,162 | 370,600 |
3 Month RS of 20 and lower with volume surge in last hour
None Today
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| ITT Industries | ( ITT | Quote | Chart | News | PowerRating) |
85 | 68.02 | 552,695 | 461,900 |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
96 | 30.00 | 582,432 | 904,900 |
| Patterson Dental | ( PDCO | Quote | Chart | News | PowerRating) |
89 | 51.64 | 367,157 | 393,400 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| FEI Corp. | ( FEIC | Quote | Chart | News | PowerRating) |
16 | 19.04 | 471,037 | 530,220 |
| Telephone & Data Services | ( TDS | Quote | Chart | News | PowerRating) |
11 | 54.45 | 346,155 | 248,700 |
| Sealed Air | ( SEE | Quote | Chart | News | PowerRating) |
1 | 14.92 | 1,216,495 | 2,374,600 |
Best of luck with your trading Friday. Please use
protective stops on trades.