Friday’s Top Names
With one CVR I buy signal, and
seven consecutive down days on the charts of the major indices, the (small) bias
is toward a possible bounce in Friday’s session.
Keep in mind the old bromide “oversold can become
more oversold.” If it shows up, play the move back upward and be careful with
any shorts.
Hottest Sectors: Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating) and Oil
Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Broker/Dealers
(
$XBD.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 |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
88 | 71.13 | 808,772 | 2,002,500 |
| Corinthian Colleges | ( COCO | Quote | Chart | News | PowerRating) |
87 | 57.53 | 299,094 | 856,200 |
Expedia |
( EXPE | Quote | Chart | News | PowerRating) |
98 | 83.16 | 1,105,400 |
3,560,600 |
| Pacific Healthcare | ( PHSY | Quote | Chart | News | PowerRating) |
98 | 29.25 | 1,193,465 | 3,257,100 |
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 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
20 | 42.87 | 2,437,277 | 2,770,900 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
9 | 103.80 | 1,336,555 | 1,073,600 |
iShares Biotech Fund |
( IBB | Quote | Chart | News | PowerRating) |
9 | 67.20 | 267,092 |
513,400 |
| Morgan Stanley Dean Witter | ( MWD | Quote | Chart | News | PowerRating) |
12 | 48.13 | 5,408,448 | 10,970,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Blockbuster Entertainment | ( BBI | Quote | Chart | News | PowerRating) |
94 | 29.12 | 439,314 | 1,926,000 |
| FMC Technologies | ( FTI | Quote | Chart | News | PowerRating) |
89 | 22.70 | 408,738 | 567,100 |
| ActiVision | ( ATVI | Quote | Chart | News | PowerRating) |
80 | 31.09 | 1,072,547 | 904,500 |
| Alliant Techsystems | ( ATK | Quote | Chart | News | PowerRating) |
89 | 106.71 | 352,085 | 517,200 |
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 |
| Integra LifeSciences | ( IART | Quote | Chart | News | PowerRating) |
3 | 20.46 | 414,495 | 551,100 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
20 | 42.87 | 2,437,277 | 2,770,900 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
19 | 37.85 | 303,580 | 429,100 |
| Enzon | ( ENZN | Quote | Chart | News | PowerRating) |
5 | 37.43 | 1,087,100 | 1,631,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Autozone | ( AZO | Quote | Chart | News | PowerRating) |
83 | 78.75 | 1,058,575 | 1,510,000 |
| Mid Atlantic Medical | ( MME | Quote | Chart | News | PowerRating) |
91 | 34.15 | 357,615 | 480,600 |
| Pacific Healthcare | ( PHSY | Quote | Chart | News | PowerRating) |
98 | 29.25 | 1,193,465 | 3,257,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
AmDocs, Ltd. |
( DOX | Quote | Chart | News | PowerRating) |
4 | 21.24 | 2,589,491 |
3,054,000 |
| Regeneron Pharmaceuticals | ( REGN | Quote | Chart | News | PowerRating) |
7 | 20.51 | 584,332 | 583,600 |
| Techne Corp. | ( TECH | Quote | Chart | News | PowerRating) |
14 | 27.21 | 413,368 | 686,300 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.