Friday’s Top Names
Thursday’s sell off was pretty
vicious, but keep in mind that sharp rebounds often occur after big moves down.
We also have four CVR buy signals on the
Market Bias Page. It is particularly important in market environments like this
one to come ready to trade both sides.
Hottest Sectors: Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating)
and Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Technology
(
$PSE.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 |
| Corinthian Colleges | ( COCO | Quote | Chart | News | PowerRating) |
99 | 27.15 | 467,184 | 1,010,100 |
| Daimler Chrysler | ( DCX | Quote | Chart | News | PowerRating) |
92 | 47.55 | 825,271 | 1,167,800 |
Neurocrine Biosciences |
( NBIX | Quote | Chart | News | PowerRating) |
88 | 33.11 | 531,837 |
743,400 |
| United Parcel Service | ( UPS | Quote | Chart | News | PowerRating) |
85 | 62.85 | 2,207,469 | 10,935,600 |
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 |
| Abbott Labs | ( ABT | Quote | Chart | News | PowerRating) |
12 | 33.07 | 6,082,492 | 3,591,000 |
| Amgen | ( AMGN | Quote | Chart | News | PowerRating) |
10 | 33.93 | 15,523,532 | 21,469,200 |
Ingersoll-Rand |
( IR | Quote | Chart | News | PowerRating) |
20 | 36.47 | 1,159,888 |
2,764,800 |
| MGIC Investments | ( MTG | Quote | Chart | News | PowerRating) |
20 | 53.68 | 548,060 | 1,295,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Telecommunications Brazil | ( TBH | Quote | Chart | News | PowerRating) |
97 | 22.15 | 445,447 | 878,000 |
| Daimler Chrysler | ( DCX | Quote | Chart | News | PowerRating) |
92 | 47.55 | 825,271 | 1,167,800 |
| Interstate Bakeries Corp. | ( IBC | Quote | Chart | News | PowerRating) |
87 | 27.11 | 478,757 | 1,156,100 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
88 | 33.11 | 531,837 | 743,400 |
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) |
14 | 27.71 | 1,895,838 | 1,173,600 |
| Home Depot | ( HD | Quote | Chart | News | PowerRating) |
6 | 29.61 | 40,664,004 | 18,830,100 |
Pfizer |
( PFE | Quote | Chart | News | PowerRating) |
17 | 27.98 | 65,915,519 |
51,636,800 |
| Clear Channel Communications | ( CCU | Quote | Chart | News | PowerRating) |
12 | 33.29 | 7,876,233 | 2,829,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Kinder Morgan Energy | ( KMP | Quote | Chart | News | PowerRating) |
89 | 3.90 | 296,532 | 404,800 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
88 | 33.11 | 531,837 | 743,400 |
| Telefonos de Mexico | ( TMX | Quote | Chart | News | PowerRating) |
90 | 31.81 | 1,697,372 | 1,410,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Everest RE Group | ( RE | Quote | Chart | News | PowerRating) |
11 | 44.60 | 616,152 | 1,686,000 |
| Semtech | ( SMTC | Quote | Chart | News | PowerRating) |
11 | 22.62 | 1,318,552 | 938,400 |
| Sabre Holdings | ( TSG | Quote | Chart | News | PowerRating) |
5 | 24.45 | 997,423 | 2,435,300 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.