Friday’s Top Names
The charts continue to point
to the downside but are oversold at this point.
We are due for a bounce, so the long candidates may
be the play tomorrow. However, just because we are due for a bounce does not
mean it will come. Read the tape Friday and trade what comes. If they want to
mark ’em up, go with it, or go short if the sellers come back for more.
Hottest Sectors:
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Index
(
$XOI.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
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
88 | 60.75 | 769,938 | 775,800 |
| Direct Focus | ( DFXI | Quote | Chart | News | PowerRating) |
94 | 36.87 | 913,871 | 1,446,200 |
| L-3 Communications |
( LLL | Quote | Chart | News | PowerRating) |
90 | 120.62 | 732,982 |
686,300 |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
98 | 25.12 | 450,555 | 1,291,500 |
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 |
| Affymetrix | ( AFFX | Quote | Chart | News | PowerRating) |
10 | 25.01 | 2,129,331 | 2,137,900 |
| Beazer Homes | ( BZH | Quote | Chart | News | PowerRating) |
20 | 75.80 | 478,865 | 438,900 |
| IDEC Pharmaceuticals |
( IDPH | Quote | Chart | News | PowerRating) |
19 | 61.04 | 3,870,526 |
5,480,500 |
| Metro One Communications | ( MTON | Quote | Chart | News | PowerRating) |
14 | 24.85 | 510,691 | 403,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| SanDisk | ( SNDK | Quote | Chart | News | PowerRating) |
95 | 20.34 | 1,830,161 | 1,123,300 |
| Telefonos de Mexico | ( TMX | Quote | Chart | News | PowerRating) |
97 | 38.90 | 1,633,647 | 1,215,500 |
| Lockheed Martin | ( LMT | Quote | Chart | News | PowerRating) |
84 | 59.10 | 2,388,133 | 1,519,600 |
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 |
| IDEC Pharmaceuticals |
( IDPH | Quote | Chart | News | PowerRating) |
19 | 61.04 | 3,870,526 |
5,480,500 |
| Accenture | ( ACN | Quote | Chart | News | PowerRating) |
17 | 25.10 | 1,643,171 | 2,005,200 |
| Allergan | ( AGN | Quote | Chart | News | PowerRating) |
14 | 59.88 | 886,295 | 2,980,000 |
| Watson Pharmaceuticals | ( WPI | Quote | Chart | News | PowerRating) |
9 | 25.55 | 1,199,566 | 969,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Direct Focus | ( DFXI | Quote | Chart | News | PowerRating) |
94 | 36.87 | 913,871 | 1,446,200 |
| Adolph Coors | ( RKY | Quote | Chart | News | PowerRating) |
86 | 65.40 | 339,388 | 537,200 |
| Scios, Inc. | ( SCIO | Quote | Chart | News | PowerRating) |
97 | 30.05 | 976,465 | 1,520,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Biogen | ( BGEN | Quote | Chart | News | PowerRating) |
8 | 44.95 | 3,199,369 | 4,858,000 |
| Pulte Homes | ( PHM | Quote | Chart | News | PowerRating) |
20 | 46.43 | 669,380 | 735,500 |
| Watson Pharmaceuticals | ( WPI | Quote | Chart | News | PowerRating) |
9 | 25.55 | 1,199,566 | 969,200 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.