Friday’s Top Names
The bias remains up for
Friday, as we have a new CVR V buy signal on the
Market Bias page in addition to the others from
Larry Connors’ VIX and Volatility Service. Â Even
with the positive bias, stay alert, as trading has been good to both sides the
last two days.
Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
and Oil Service
(
$OSX.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 |
| Amerisource Bergen | ( ABC | Quote | Chart | News | PowerRating) |
82 | 78.08 | 1,076,269 | 727,600 |
| Lockheed Martin | ( LMT | Quote | Chart | News | PowerRating) |
92 | 71.43 | 2,458,197 | 4,158,300 |
Northrup Grumman |
( NOC | Quote | Chart | News | PowerRating) |
84 | 127.82 |
1,284,800 |
1,943,800 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
82 | 66.87 | 894,666 | 1,190,800 |
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 |
| Clear Channel Communications | ( CCU | Quote | Chart | News | PowerRating) |
6 | 31.20 | 3,423,986 | 31,591,900 |
| Electronic Data Services | ( EDS | Quote | Chart | News | PowerRating) |
11 | 37.30 | 5,154,104 | 19,708,900 |
Mercury Interactive |
( MERQ | Quote | Chart | News | PowerRating) |
3 | 22.24 | 5,000,418 |
8,244,000 |
| TMP Worldwide | ( TMPW | Quote | Chart | News | PowerRating) |
9 | 20.79 | 2,289,463 | 6,700,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| First Health Group | ( FHCC | Quote | Chart | News | PowerRating) |
88 | 27.53 | 783,000 | 670,900 |
| Hollywood Entertainment | ( HLYW | Quote | Chart | News | PowerRating) |
91 | 20.40 | 516,236 | 659,100 |
| Pulte Homes |
( PHM | Quote | Chart | News | PowerRating) |
92 | 58.25 | 760,909 |
657,900 |
| Wellpoint Health | ( WLP | Quote | Chart | News | PowerRating) |
94 | 79.92 | 1,793,363 | 1,567,000 |
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 |
| Electronic Data Services | ( EDS | Quote | Chart | News | PowerRating) |
11 | 37.30 | 5,154,104 | 19,708,900 |
| TMP Worldwide | ( TMPW | Quote | Chart | News | PowerRating) |
9 | 20.79 | 2,289,463 | 6,700,900 |
| Home Depot | ( HD | Quote | Chart | News | PowerRating) |
14 | 37.20 | 5,225,681 | 2,732,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Career Education | ( CECO | Quote | Chart | News | PowerRating) |
87 | 46.00 | 501,826 | 684,800 |
| ITT Industries | ( ITT | Quote | Chart | News | PowerRating) |
84 | 69.99 | 450,314 | 615,300 |
| Willis Group Holdings | ( WSH | Quote | Chart | News | PowerRating) |
93 | 33.40 | 787,482 | 584,200 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Electronic Data Services | ( EDS | Quote | Chart | News | PowerRating) |
11 | 37.30 | 5,154,104 | 19,708,900 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
1 | 17.08 | 11,402,432 | 26,449,900 |
| Safeway Stores | ( SWY | Quote | Chart | News | PowerRating) |
5 | 29.17 | 3,374,251 | 2,875,200 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.