Friday’s Top Names
Tonight’s focus is to the long
side, as the indices all closed strongly and in the top of Thursday’s
range. Combine the chart with three
CVR buy signals from tonight’s
Market Bias Indicators, and the buying pressure appears to be showing up.
Focus on the long side, but be ready to go short if the market attracts sellers,
as the recent environment has been choppy.
Hottest Sectors: Computer Technology
(
$XCI |
Quote |
Chart |
News |
PowerRating)
and Broker Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: 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 |
Rockwell Collins |
( COL | Quote | Chart | News | PowerRating) |
91 | 22.35 | 661,465 |
493,,300 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 42.13 | 2,958,478 | 3,846,100 |
Internet Security Systems |
( ISSX | Quote | Chart | News | PowerRating) |
92 | 40.92 | 2,415,711 |
3,480,600 |
| Kronos, Inc. | ( KRON | Quote | Chart | News | PowerRating) |
90 | 54.00 | 304,734 | 315,800 |
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 |
| Electronic Arts | ( ERTS | Quote | Chart | News | PowerRating) |
18 | 53.07 | 2,604,000 | 3,108,928 |
| Intersil Corp. | ( ISIL | Quote | Chart | News | PowerRating) |
3 | 29.72 | 3,396,465 | 4,543,700 |
| King Pharmaceuticals |
( KG | Quote | Chart | News | PowerRating) |
17 | 36.40 | 1,786,748 |
1,991,200 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
9 | 32.42 | 691,872 | 1,025,400 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 42.13 | 2,958,478 | 3,846,100 |
| Raytheon | ( RTN | Quote | Chart | News | PowerRating) |
82 | 38.27 | 2,641,405 | 4,460,200 |
| Lowe’s Companies | ( LOW | Quote | Chart | News | PowerRating) |
85 | 46.07 | 5,531,010 | 4,227,300 |
| Sysco | ( SYY | Quote | Chart | News | PowerRating) |
83 | 29.62 | 2,037,826 | 3,571,100 |
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 |
| Affymetrix | ( AFFX | Quote | Chart | News | PowerRating) |
5 | 28.15 | 2,696,305 | 7,978,900 |
| Tyco | ( TYC | Quote | Chart | News | PowerRating) |
1 | 35.15 | 72,112,594 | 418,075,500 |
| Kroger Company | ( KR | Quote | Chart | News | PowerRating) |
13 | 20.60 | 5,529,784 | 6,166,700 |
| AOL- Time Warner | ( AOL | Quote | Chart | News | PowerRating) |
4 | 26.31 | 49,831,052 | 78,088,500 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| DeLuxe | ( DLX | Quote | Chart | News | PowerRating) |
84 | 46.01 | 426,803 | 534,000 |
| Level 3 Communications | ( LLL | Quote | Chart | News | PowerRating) |
80 | 102.53 | 541,563 | 1,326,100 |
| Quest Software | ( QSFT | Quote | Chart | News | PowerRating) |
91 | 23.83 | 1,350,423 | 1,663,400 |
Low RS at
or near low
None Today
Best of luck with your trading Friday. Please
use protective stops on trades.