Friday’s Top Names
Thursday’s sell off appears to
be the first move of another leg down.
Based on the chart alone, this leaves a bearish bias for Friday’s trading
session. Trading has been choppy lately, however, so be ready for anything
heading in to the weekend.
Hottest Sectors: Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Software
(
$GSO.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 |
| AGCO Corp. | ( AG | Quote | Chart | News | PowerRating) |
99 | 22.46 | 718,172 | 2,298,500 |
| Ingersoll-Rand | ( IR | Quote | Chart | News | PowerRating) |
86 | 50.00 | 1,227,934 | 1,507,100 |
Multimedia Games |
( MGAM | Quote | Chart | News | PowerRating) |
86 | 31.57 | 185,514 |
788,800 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
85 | 126.51 | 755,142 | 541,800 |
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 |
| Cephalon | ( CEPH | Quote | Chart | News | PowerRating) |
19 | 58.30 | 2,732,569 | 1,976,200 |
| CV Therapeutics | ( CVTX | Quote | Chart | News | PowerRating) |
6 | 38.64 | 842,288 | 641,600 |
Elantec Semiconductor |
( ELNT | Quote | Chart | News | PowerRating) |
8 | 30.62 | 494,105 |
1,492,100 |
| Marvell Technology | ( MRVL | Quote | Chart | News | PowerRating) |
16 | 30.69 | 3,002,525 | 6,070,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ingersoll-Rand | ( IR | Quote | Chart | News | PowerRating) |
86 | 50.00 | 1,227,934 | 1,507,100 |
| Westwood One | ( WON | Quote | Chart | News | PowerRating) |
84 | 35.66 | 445,223 | 672,000 |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
87 | 69.32 | 740,590 | 518,200 |
| Mandalay Resorts | ( MBG | Quote | Chart | News | PowerRating) |
90 | 29.31 | 666,995 | 313,300 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Elantec Semiconductor |
( ELNT | Quote | Chart | News | PowerRating) |
8 | 30.62 | 494,105 |
1,492,100 |
| CV Therapeutics | ( CVTX | Quote | Chart | News | PowerRating) |
6 | 38.64 | 842,288 | 641,600 |
| Panera Bread | ( PNRA | Quote | Chart | News | PowerRating) |
20 | 51.64 | 522,185 | 549,600 |
| Celera Genomics | ( CRA | Quote | Chart | News | PowerRating) |
8 | 20.12 | 735,047 | 342,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ingersoll-Rand | ( IR | Quote | Chart | News | PowerRating) |
86 | 50.00 | 1,227,934 | 1,507,100 |
| Mohawk Industries | ( MHK | Quote | Chart | News | PowerRating) |
91 | 62.93 | 483,609 | 564,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Elantec Semiconductor |
( ELNT | Quote | Chart | News | PowerRating) |
8 | 30.62 | 494,105 |
1,492,100 |
| Precise Software | ( PRSE | Quote | Chart | News | PowerRating) |
19 | 21.16 | 538,302 | 530,600 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
16 | 30.11 | 608,048 | 542,900 |
Best of luck with your trading Friday. Please use
protective stops on trades.