Friday’s Top Names
Wednesday’s bullish tails
failed to follow through Thursday.
The one upside is that the sell off did not
take place on particularly high volume. We do have a CVR I buy signal tonight,
but with only one signal that does not give much of a bias. The charts are a
better indication, which tonight shows the trend is still down. As always,
however, be prepared to “go where the oil is.”
Hottest Sectors: Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) and
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating). Â
Weakest Sectors: Internets
(
$IIX.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
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Beazer Homes |
( BZH | Quote | Chart | News | PowerRating) |
96 | 83.50 | 355,903 |
445,500 |
| CC-Carmax | ( KMX | Quote | Chart | News | PowerRating) |
94 | 28.51 | 351,705 | 1,047,400 |
Ryland Group |
( RYL | Quote | Chart | News | PowerRating) |
92 | 80.70 | 404,692 |
708,900 |
| Smith International | ( SII | Quote | Chart | News | PowerRating) |
82 | 60.53 | 1,184,449 | 2,197,000 |
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 |
| Analog Devices | ( ADI | Quote | Chart | News | PowerRating) |
12 | 37.00 | 3,398,162 | 3,345,600 |
| Allergan | ( AGN | Quote | Chart | News | PowerRating) |
5 | 64.15 | 970,902 | 3,420,600 |
| Cabot Microelectronics |
( CCMP | Quote | Chart | News | PowerRating) |
6 | 53.32 | 1,168,171 |
1,378,200 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
4 | 32.50 | 14,600,626 | 26,260,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
81 | 30.74 | 1,262,580 | 633,700 |
| DR Horton | ( DHI | Quote | Chart | News | PowerRating) |
94 | 37.00 | 2,049,152 | 13,124,500 |
| Phelps Dodge | ( PD | Quote | Chart | News | PowerRating) |
95 | 37.00 | 1,196,300 | 4,814,200 |
| Texas Instruments | ( TXN | Quote | Chart | News | PowerRating) |
82 | 50.10 | 1,230,076 | 852,300 |
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 |
| Regeneron Pharmaceuticals | ( REGN | Quote | Chart | News | PowerRating) |
20 | 23.39 | 966,109 | 438,500 |
| AOL Time-Warner | ( AOL | Quote | Chart | News | PowerRating) |
5 | 23.00 | 39,979,709 | 45,816,700 |
| Verizon Wireless | ( VZ | Quote | Chart | News | PowerRating) |
13 | 44.45 | 8,124,514 | 7,819,000 |
| Alltel | ( AT | Quote | Chart | News | PowerRating) |
20 | 53.50 | 1,088,014 | 740,500 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
86 | 55.55 | 781,502 | 823,000 |
| CC-Carmax | ( KMX | Quote | Chart | News | PowerRating) |
94 | 28.51 | 351,705 | 1,047,400 |
| Weatherford International | ( WFT | Quote | Chart | News | PowerRating) |
85 | 44.21 | 1,639,458 | 2,217,300 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Electronic Data Services | ( EDS | Quote | Chart | News | PowerRating) |
12 | 58.77 | 3,499,331 | 2,943,700 |
| Household International | ( HI | Quote | Chart | News | PowerRating) |
14 | 48.50 | 3,596,066 | 3,370,000 |
| SeaChange International | ( SEAC | Quote | Chart | News | PowerRating) |
12 | 19.84 | 636,128 | 1,204,400 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.