Friday’s Top Names
Two CVR sell signals from
Wednesday night’s
Market Bias Indicators combined with a CVR VI sell signal keeps the bias to the
downside. Remember to stay alert and
honor stops, as the turnaround can come fast and furious. Another reason to stay
alert is that you can trade both sides of the market intraday, such as what
happened Thursday.
Hottest Sectors:
Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and
Cyclicals
(
$CYC.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 |
| Advent Software | ( ADVS | Quote | Chart | News | PowerRating) |
83 | 61.14 | 552,651 | 474,800 |
| FreeMarkets, Inc. | ( FMKT | Quote | Chart | News | PowerRating) |
86 | 27.07 | 1,381,014 | 1,098,200 |
Hyperion Solutions |
( HYSL | Quote | Chart | News | PowerRating) |
86 | 26.47 | 320,174 |
587,900 |
| Ticketmaster | ( TMCS | Quote | Chart | News | PowerRating) |
97 | 29.49 | 1,023,557 | 1,230,900 |
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 |
| Autozone | ( AZO | Quote | Chart | News | PowerRating) |
12 | 69.35 | 1,170,462 | 1,175,800 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
1 | 35.80 | 1,754,548 | 1,994,400 |
| Shaw Group |
( SGP | Quote | Chart | News | PowerRating) |
7 | 31.50 | 7,352,371 |
6,808,000 |
| Waters Corp. | ( WAT | Quote | Chart | News | PowerRating) |
8 | 29.20 | 1,844,994 | 5,453,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Overture Services |
( OVER | Quote | Chart | News | PowerRating) |
86 | 30.87 | 2,207,250 |
4,739,800 |
| Williams Companies | ( WMB | Quote | Chart | News | PowerRating) |
81 | 24.40 | 4,518,786 | 3,440,300 |
| Retek, Inc. | ( RETK | Quote | Chart | News | PowerRating) |
88 | 27.51 | 1,181,204 | 1,075,700 |
| FreeMarkets, Inc. | ( FMKT | Quote | Chart | News | PowerRating) |
86 | 27.07 | 1,381,014 | 1,098,200 |
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 |
| Electronics Boutique Holdings | ( ELBO | Quote | Chart | News | PowerRating) |
7 | 30.93 | 417,631 | 654,200 |
| BellSouth Corp. | ( BLS | Quote | Chart | News | PowerRating) |
16 | 37.42 | 3,407,940 | 2,945,900 |
| Macrovision | ( MVSN | Quote | Chart | News | PowerRating) |
5 | 26.55 | 933,472 | 576,900 |
| Celestica | ( CLS | Quote | Chart | News | PowerRating) |
10 | 35.85 | 3,001,345 | 2,632,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
98 | 68.51 | 777,305 | 894,600 |
| JDA Software | ( JDAS | Quote | Chart | News | PowerRating) |
93 | 29.05 | 500,409 | 302,400 |
| Silicon Labs | ( SLAB | Quote | Chart | News | PowerRating) |
97 | 34.99 | 712,435 | 367,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cerner | ( CERN | Quote | Chart | News | PowerRating) |
5 | 48.71 | 588,306 | 431,600 |
| Home Depot | ( HD | Quote | Chart | News | PowerRating) |
14 | 49.05 | 6,747,866 | 8,666,300 |
| Waters Corp. | ( WAT | Quote | Chart | News | PowerRating) |
8 | 29.20 | 1,844,994 | 5,453,600 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.