Friday’s Top Names
The markets moved
higher Thursday after Fed Chairman Alan Greenspan
gave his state of the economy testimony before the Senate Budget Committee. News continues to affect the action of the
markets, so we will continue to trade with the tape and keep tight stops.
Hottest Sectors:
Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) and GSTI Internet
(
$GIN.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechnology
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Pharmaceutical
(
$DRG.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 |
| Oxford Health Plans |
( OHP | Quote | Chart | News | PowerRating) |
95 | 38.06 | 1,057,681 | 672,000 |
| Serena Software | ( SRNA | Quote | Chart | News | PowerRating) |
95 | 27.00 | 470,090 | 811,100 |
| Symantec Corp |
( SYMC | Quote | Chart | News | PowerRating) |
95 | 77.00 | 2,402,409 | 3,532,200 |
| Veritas Software | ( VRTS | Quote | Chart | News | PowerRating) |
91 | 46.40 | 12,416,681 | 1,884,300 |
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 |
| Abgenix Inc | ( ABGX | Quote | Chart | News | PowerRating) |
4 | 25.57 | 1,530,681 | 1,635,900 |
| BJ’s Wholesale Club | ( BJ | Quote | Chart | News | PowerRating) |
9 | 43.55 | 1,140,954 | 688,700 |
| ILEX Oncology |
( ILXO | Quote | Chart | News | PowerRating) |
5 | 24.60 | 285,772 | 234,300 |
| Celgene Corp | ( CELG | Quote | Chart | News | PowerRating) |
4 | 27.30 | 1,477,772 | 1,455,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Integrated Circuit Systems | ( ICST | Quote | Chart | News | PowerRating) |
93 | 24.50 | 1,327,909 | 998,200 |
| Digital Insight | ( DGIN | Quote | Chart | News | PowerRating) |
92 | 21.49 | 328,454 | 149,800 |
| Affymetrix Inc | ( AFFX | Quote | Chart | News | PowerRating) |
96 | 37.06 | 1,586,318 | 1,828,700 |
| PRI Automation Inc | ( PRIA | Quote | Chart | News | PowerRating) |
96 | 23.51 | 666,136 | 532,800 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| KOS Pharmaceuticals | ( KOSP | Quote | Chart | News | PowerRating) |
4 | 23.53 | 281,227 | 124,400 |
| Emisphere Technologies | ( EMIS | Quote | Chart | News | PowerRating) |
17 | 24.15 | 276,454 | 443,800 |
| McAfee.Com | ( MCAF | Quote | Chart | News | PowerRating) |
7 | 20.52 | 843,272 | 1,644,400 |
| Vertex Pharmaceuticals | ( VRTX | Quote | Chart | News | PowerRating) |
10 | 20.98 | 712,636 | 354,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Brocade Communications |
( BRCD | Quote | Chart | News | PowerRating) |
94 | 35.46 | 16,051,772 | 11,683,600 |
| JDA Software |
( JDAS | Quote | Chart | News | PowerRating) |
98 | 28.90 | 395,636 | 578,600 |
| PRI Automation |
( PRIA | Quote | Chart | News | PowerRating) |
96 | 23.51 | 666,136 | 532,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
18 | 19.97 | 3,784,863 | 1,967,700 |
| COR Therapeutics | ( CORR | Quote | Chart | News | PowerRating) |
10 | 19.99 | 2,104,454 | 969,700 |
Best of luck with your trading Friday. Please use
protective stops on trades.