Friday’s Top Names
Tonight’s focus is to the short
side, as the Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) has now significantly
broken down below its trendline and the neckline of a head and shoulders.
Combine the chart with a
CVR I sell signal from the
Market Bias Indicators, and the pressure appears to be funneling downward.
Focus on the short side, but be ready to go long if the market gets a catalyst
and attracts buyers.
Hottest Sectors: Health Care
(
$HCX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.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 |
Circuit City |
( CC | Quote | Chart | News | PowerRating) |
98 | 25.87 | 2,873,377 |
5,042,800 |
| Cost Plus, Inc. | ( CPWM | Quote | Chart | News | PowerRating) |
84 | 26.35 | 480,129 | 678,600 |
Krispy Kreme Doughnuts |
( KKD | Quote | Chart | News | PowerRating) |
88 | 43.98 | 835,651 |
2,066,900 |
| Tweeter Home Entertainment | ( TWTR | Quote | Chart | News | PowerRating) |
86 | 27.93 | 360,092 | 332,700 |
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 |
| Altera | ( ALTR | Quote | Chart | News | PowerRating) |
19 | 19.82 | 8,320,934 | 7,401,600 |
| Metro One Communications | ( MTON | Quote | Chart | News | PowerRating) |
8 | 31.07 | 644,492 | 344,800 |
| RF Micro Devices |
( RFMD | Quote | Chart | News | PowerRating) |
2 | 18.22 | 10,071,202 |
3,912,800 |
| WebEx Communications | ( WEBX | Quote | Chart | News | PowerRating) |
14 | 26.37 | 1,697,954 | 2,284,000 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cholestec | ( CTEC | Quote | Chart | News | PowerRating) |
83 | 22.50 | 568,957 | 492,300 |
| Career Education Corp. | ( CECO | Quote | Chart | News | PowerRating) |
81 | 34.35 | 562,166 | 339,300 |
Insight Enterprises |
( NSIT | Quote | Chart | News | PowerRating) |
91 | 24.00 | 435,323 |
474,600 |
3 Month RS of 20 and lower with volume
surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Archstone-Smith Trust | ( ASN | Quote | Chart | News | PowerRating) |
17 | 26.00 | 481,485 | 403,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Accenture | ( ACN | Quote | Chart | News | PowerRating) |
93 | 27.05 | 1,721,378 | 2,425,100 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Estee Lauder | ( EL | Quote | Chart | News | PowerRating) |
10 | 31.00 | 1,233,518 | 5,375,800 |
Best of luck with your trading Friday. Please
use protective stops on trades.