Friday’s Top Names
The pattern was broken today.
The indices did manage a recovery of some
of the losses after lunch, but beware of Microsoft’s
(
MSFT |
Quote |
Chart |
News |
PowerRating) missing of this
quarter’s earnings estimate. This should have a negative effect on the Nasdaq
and Dow, as well as software and technology. If this does not turn out to be
true and these markets shrug it off, that will be telling as well.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Semiconductors
(
$SOX.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 |
| Accredo Health | ( ACDO | Quote | Chart | News | PowerRating) |
88 | 61.90 | 705,263 | 413,500 |
| Cooper Cameron | ( CAM | Quote | Chart | News | PowerRating) |
83 | 54.56 | 864,285 | 1,428,100 |
| First Health |
( FHCC | Quote | Chart | News | PowerRating) |
82 | 29.06 | 1,064,712 |
1,627,200 |
| L-3 Communications | [LLL|LLL} | 92 | 123.79 | 780,294 | 697,500 |
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 |
| Brooks Automation | ( BRKS | Quote | Chart | News | PowerRating) |
12 | 40.67 | 805,897 | 770,200 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
10 | 58.86 | 1,327,891 | 1,320,200 |
| eBay | ( EBAY | Quote | Chart | News | PowerRating) |
12 | 53.04 | 6,009,889 |
6,177,500 |
| Forest Labs | ( FRX | Quote | Chart | News | PowerRating) |
16 | 75.00 | 1,385,248 | 2,496,800 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cooper Cameron | ( CAM | Quote | Chart | News | PowerRating) |
83 | 54.56 | 864,285 | 1,428,100 |
| Nabors Industries | ( NBR | Quote | Chart | News | PowerRating) |
89 | 44.40 | 2,192,147 | 2,282,600 |
| Vertex Pharmaceuticals | ( VRTX | Quote | Chart | News | PowerRating) |
94 | 30.94 | 866,800 | 1,260,900 |
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 |
| Micron Technology | ( MU | Quote | Chart | News | PowerRating) |
8 | 29.00 | 10,463,452 | 9,788,600 |
| AOL-Time Warner | ( AOL | Quote | Chart | News | PowerRating) |
4 | 21.21 | 37,441,252 | 48,703,700 |
| BellSouth | ( BLS | Quote | Chart | News | PowerRating) |
10 | 32.70 | 4,708,657 | 3,993,100 |
| NetIQ | ( NTIQ | Quote | Chart | News | PowerRating) |
4 | 22.00 | 1,272,571 | 1,321,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Chico’s FAS | ( CHS | Quote | Chart | News | PowerRating) |
88 | 35.74 | 645,481 | 569,100 |
| Mid Atlantic Medical | ( MME | Quote | Chart | News | PowerRating) |
84 | 32.19 | 330,348 | 929,900 |
| Weatherford International | ( WFT | Quote | Chart | News | PowerRating) |
82 | 48.70 | 1,759,649 | 1,857,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
International Game Technology |
( IGT | Quote | Chart | News | PowerRating) |
8 | 54.00 | 1,234,620 |
2,150,400 |
| Northern Trust | ( NTRS | Quote | Chart | News | PowerRating) |
12 | 54.95 | 1,100,598 | 2,421,500 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
15 | 38.40 | 15,218,329 | 10,735,000 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.