Friday’s Top Names
Three down arrows are showing
up on the Market Bias Page tonight.
Normally this would make me lean to the short side, but the recovery in the last
hour of Thursday’s session tells me to keep playing it both ways until a
definite trend emerges. Thursday’s action was choppy, and Friday’s could be as
well. Nonfarm payroll numbers and unemployment rate report will be released at
8:30 AM eastern and could have an effect on which way we open.
Hottest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.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 |
| Coach | ( COH | Quote | Chart | News | PowerRating) |
96 | 49.98 | 451,462 | 433,500 |
| Fred, Inc. | ( FRED | Quote | Chart | News | PowerRating) |
97 | 34.20 | 257,939 | 793,400 |
Multimedia Games |
( MGAM | Quote | Chart | News | PowerRating) |
86 | 31.12 | 206,550 |
228,200 |
| Mohawk Industries | ( MHK | Quote | Chart | News | PowerRating) |
91 | 66.61 | 484,743 | 649,400 |
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 |
| American International Group | ( AIG | Quote | Chart | News | PowerRating) |
15 | 74.75 | 6,101,168 | 6,344,800 |
| Enzon | ( ENZN | Quote | Chart | News | PowerRating) |
5 | 42.83 | 1,318,360 | 1,479,000 |
International Business Machines |
( IBM | Quote | Chart | News | PowerRating) |
11 | 103.71 |
8,332,643 |
10,972,200 |
| Myriad Genetics | ( MYGN | Quote | Chart | News | PowerRating) |
1 | 35.55 | 1,175,895 | 1,173,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Sonic Corp. | ( SONC | Quote | Chart | News | PowerRating) |
81 | 28.35 | 337,670 | 321,400 |
| Cognos, Inc. | ( COGN | Quote | Chart | News | PowerRating) |
82 | 28.63 | 549,590 | 565,400 |
Harrah’s Entertainment |
( HET | Quote | Chart | News | PowerRating) |
81 | 41.47 | 1,048,042 |
753,700 |
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 |
| Taro Pharmaceuticals |
( TARO | Quote | Chart | News | PowerRating) |
16 | 29.28 | 615,290 |
701,600 |
| Thermo Electron Corp. | ( TMO | Quote | Chart | News | PowerRating) |
19 | 20.47 | 902,590 | 1,009,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
87 | 74.00 | 670,651 | 578,200 |
| JB Hunt | ( JBHT | Quote | Chart | News | PowerRating) |
81 | 27.50 | 447,283 | 414,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| CV Therapeutics | ( CVTX | Quote | Chart | News | PowerRating) |
6 | 40.22 | 834,998 | 2,276,100 |
| International Business Machines | ( IBM | Quote | Chart | News | PowerRating) |
11 | 103.71 | 8,332,643 | 10,972,200 |
Internet Security Systems |
( ISSX | Quote | Chart | News | PowerRating) |
4 | 26.32 | 2,835,060 |
2,330,300 |
Â
Best of luck with your trading Friday. Please use
protective stops on trades.