Friday’s Top Names
Thursday’s action gives us a
bearish outlook for Friday’s session.
Heavy selling in the Nasdaq
(
$COMPX |
Quote |
Chart |
News |
PowerRating) broke a trendline and a double
bottom. The SEC has announced it has ended its inquiry into IBM
(
IBM |
Quote |
Chart |
News |
PowerRating) so
that may help to stem the tide in tech tomorrow, but look to the short side for
more downward action first. If they decide to mark ’em up instead, go with the
strongest issues to the long side.
Hottest Sectors: Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Banks
(
$BKX.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 |
| Cott Corp. | ( COTT | Quote | Chart | News | PowerRating) |
95 | 21.05 | 349,214 | 404,200 |
| Quest Diagnostics | ( DGX | Quote | Chart | News | PowerRating) |
88 | 89.00 | 826,695 | 1,097,900 |
| PF Chang’s |
( PFCB | Quote | Chart | News | PowerRating) |
93 | 72.62 | 365,097 |
612,100 |
| Unilab Corp. | ( ULAB | Quote | Chart | News | PowerRating) |
93 | 28.81 | 439,026 | 116,200 |
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 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
7 | 57.01 | 1,311,538 | 1,315,800 |
| eBay | ( EBAY | Quote | Chart | News | PowerRating) |
10 | 50.84 | 6,015,954 | 5,731,300 |
Goldman Sachs |
( GS | Quote | Chart | News | PowerRating) |
16 | 81.20 | 3,412,957 |
5,272,000 |
| Overture Services | ( OVER | Quote | Chart | News | PowerRating) |
6 | 23.75 | 3,789,900 | 1,891,338 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Quest Diagnostics | ( DGX | Quote | Chart | News | PowerRating) |
88 | 89.00 | 826,695 | 1,097,900 |
| Pioneer Natural Resources | ( PXD | Quote | Chart | News | PowerRating) |
80 | 22.76 | 484,400 | 628,400 |
| TRW Corp. | ( TRW | Quote | Chart | News | PowerRating) |
86 | 51.48 | 1,082,700 | 884,400 |
| Cooper Industries | ( CBE | Quote | Chart | News | PowerRating) |
92 | 45.70 | 422,838 | 815,700 |
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 |
| Overture Services | ( OVER | Quote | Chart | News | PowerRating) |
6 | 23.75 | Â 1,891,338Â Â Â Â Â |
3,789,900 |
| General Electric | ( GE | Quote | Chart | News | PowerRating) |
19 | 33.75 | 30,594,095 | 97,872,100 |
| ICN Pharmaceuticals | ( ICN | Quote | Chart | News | PowerRating) |
18 | 27.95 | 1,118,533 | 3,094,800 |
| Mercury Interactive | ( MERQ | Quote | Chart | News | PowerRating) |
11 | 29.44 | 4,315,347 | 7,283,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| HealthNet | ( HNET | Quote | Chart | News | PowerRating) |
81 | 27.10 | 423,906 | 1,315,315 |
| Mandalay Resort Group | ( MBG | Quote | Chart | News | PowerRating) |
84 | 31.90 | 696,852 | 1,064,400 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
96 | 34.28 | 379,102 | 416,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Medimmune | ( MEDI | Quote | Chart | News | PowerRating) |
8 | 34.06 | 3,924,208 | 11,953,100 |
| Micron Technology | ( MU | Quote | Chart | News | PowerRating) |
11 | 29.20 | 8,580,726 | 9,606,400 |
Verizon Communications |
( VZ | Quote | Chart | News | PowerRating) |
13 | 41.82 | 5,510,729 |
14,861,800 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.