Friday’s Top Names
Conflicting signals are in
place tonight, as the charts in the indices say one thing, and the sentiment
from the Connors VIX Reversals say another.
Two CVR buy signals were triggered, a CVR 3 and
another from Larry Connors’
subscription service. Be ready to play either direction, and remember Friday
is also Triple Witching.
Hottest Sectors: Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Biotechs
(
$BTK.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 |
| Ambac Financial | ( ABK | Quote | Chart | News | PowerRating) |
85 | 69.69 | 670,048 | 742,800 |
| Fortune Brands | ( FO | Quote | Chart | News | PowerRating) |
80 | 57.67 | 599,014 | 889,600 |
General Dynamics |
( GD | Quote | Chart | News | PowerRating) |
84 | 109.25 |
1,191,385 |
1,612,500 |
| Meridian Gold | ( MDG | Quote | Chart | News | PowerRating) |
94 | 17.74 | 604,634 | 1,051,100 |
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 |
| Analog Devices | ( ADI | Quote | Chart | News | PowerRating) |
11 | 30.35 | 2,848,669 | 4,008,200 |
| Biovail | ( BVF | Quote | Chart | News | PowerRating) |
5 | 30.35 | 1,590,469 | 1,080,500 |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
10 | 35.32 | 1,469,308 |
2,376,800 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
10 | 44.62 |
12,345,111 |
17,987,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
92 | 29.59 | 1,178,057 | 1,190,100 |
| Fidelity National Financial | ( FNF | Quote | Chart | News | PowerRating) |
88 | 31.74 | 525,233 | 830,800 |
| The PMI Group | ( PMI | Quote | Chart | News | PowerRating) |
99 | 39.05 | 373,514 | 821,000 |
| Ross Stores | ( ROST | Quote | Chart | News | PowerRating) |
88 | 43.58 | 625,642 | 645,600 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
10 | 35.32 | 1,469,308 |
2,376,800 |
| Americredit | ( ACF | Quote | Chart | News | PowerRating) |
7 | 25.77 | 1,957,000 | 2,387,500 |
| Veeco Instruments | ( VECO | Quote | Chart | News | PowerRating) |
17 | 23.96 | 422,523 | 708,000 |
| Navistar | ( NAV | Quote | Chart | News | PowerRating) |
10 | 31.25 | 515,823 | 876,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
92 | 29.59 | 1,178,057 | 1,190,100 |
| Fidelity National Financial | ( FNF | Quote | Chart | News | PowerRating) |
88 | 31.74 | 525,233 | 830,800 |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
87 | 29.09 | 5,053,931 | 5,203,000 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Photon Dynamics | ( PHTN | Quote | Chart | News | PowerRating) |
2 | 28.83 | 570,020 | 681,500 |
| Semiconductor Holders ETF | ( SMH | Quote | Chart | News | PowerRating) |
7 | 30.84 | 5,238,055 | 5,203,000 |
Varian Semiconductor |
( VSEA | Quote | Chart | News | PowerRating) |
12 | 32.00 | 875,565 |
753,400 |
Best of luck with your trading Friday. Please use
protective stops on trades.