Friday’s Top Names
The indices’ weak close
Thursday has them placed in a precarious position and vulnerable to failures out
of counter trend rallies.
Until Mr. Market tells us different, the plan is to
follow the trend and lean in that direction, only working the long side on an
intraday rally or when serious buying interest shows up.
Hottest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
and Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Thursday’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 |
| Colgate Palmolive | ( CL | Quote | Chart | News | PowerRating) |
81 | 52.42 | 2,499,303 | 3,041,300 |
| Hyperion Solutions | ( HYSL | Quote | Chart | News | PowerRating) |
86 | 21.74 | 330,298 | 661,100 |
Polaris |
( PII | Quote | Chart | News | PowerRating) |
92 | 69.20 | 240,792 |
330,000 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
95 | 67.50 | 1,033,967 | 831,100 |
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 |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
16 | 38.18 | 3,962,138 | 4,241,900 |
| Cerus Corp. | ( CERS | Quote | Chart | News | PowerRating) |
4 | 24.56 | 285,673 | 810,999 |
Expedia.com |
( EXPE | Quote | Chart | News | PowerRating) |
7 | 45.21 | 2,709,969 |
1,752,507 |
| Maxim Integrated Producuts | ( MXIM | Quote | Chart | News | PowerRating) |
17 | 32.51 | 8,397,523 | 6,835,800 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
95 | 67.50 | 1,033,967 | 831,100 |
| Conectiv | ( CIV | Quote | Chart | News | PowerRating) |
82 | 25.40 | 298,371 | 2,404,400 |
| Varian, Inc. | ( VARI | Quote | Chart | News | PowerRating) |
84 | 32.62 | 297,664 | 5,451,371 |
| Temple Inland | ( TIN | Quote | Chart | News | PowerRating) |
86 | 54.25 | 594,008 | 745,700 |
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 |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
10 | 26.64 | 2,019,878 | 2,023,100 |
| FleetBoston Financial | ( FBF | Quote | Chart | News | PowerRating) |
3 | 21.45 | 4,872,515 | 10,893,400 |
| Starwood Hotels | ( HOT | Quote | Chart | News | PowerRating) |
9 | 24.40 | 2,227,280 | 1,756,600 |
| Varian Semiconductor | ( VSEA | Quote | Chart | News | PowerRating) |
9 | 25.01 | 1,174,988 | 1,454,467 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
90 | 68.89 | 2,085,872 | 2,344,000 |
| Performance Food Group | ( PFGC | Quote | Chart | News | PowerRating) |
97 | 33.15 | 4445,875 | 284,486 |
| Temple Inland | ( TIN | Quote | Chart | News | PowerRating) |
86 | 54.25 | 594,008 | 745,700 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
12 | 37.28 | 15,440,171 | 12,322,800 |
| Semiconductor Holders ETF | ( SMH | Quote | Chart | News | PowerRating) |
11 | 25.09 | 6,593,274 | 5,883,000 |
| Zale Corp. | ( ZLC | Quote | Chart | News | PowerRating) |
17 | 28.89 | 356,635 | 167,700 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.