Here Are Thursday’s Names
The markets ended mixed
for the session after the GDP was less than expected. In addition the news that
the Federal government was going to stop the sale of the 30-year Treasury Bond caused bond prices to soar.
The Nasdaq Composite
closed higher 1.37% on higher volume, which is a good sign, especially with the
index closing above its 50-day moving average. We should note, with the plethora
of economic reports due out toward the end of the week, it is still a wait and
see status.
THQ Inc
(
THQI |
Quote |
Chart |
News |
PowerRating)
managed to regain some footing to close above its 50-day moving average although
it did close near the bottom of its range. Continue to watch the price action on
THQI around its 50-day average..
Stocks Breaking
out on High Volume with a Relative Strength of 80 or Better:
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| NONE |
Stocks Building
A Base With A Minimum Relative Strength of 80.
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Krispy Kreme Doughnuts |
( KKD | Quote | Chart | News | PowerRating) |
93 | 34.97 | 901,800 | 235,600 |
| PEC Solutions | ( PECS | Quote | Chart | News | PowerRating) |
95 | 25.10 | 293.300 | 225,600 |
| THQI Inc. | ( THQI | Quote | Chart | News | PowerRating) |
93 | 49.80 | 1,193,000 | 1,390,700 |
Stocks forming a
Handle
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Taro Pharmaceutical |
( TARO | Quote | Chart | News | PowerRating) |
98 | 42.10 | 712,100 | 324,300 |
| Independence Community Bank |
( ICBC | Quote | Chart | News | PowerRating) |
88 | 24.32 | 588,000 | 332,400 |
Sectors leading the charge up were the
Semiconductor Index
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) tacking on 4.2%.
The Retail Index
(
$RLX.X |
Quote |
Chart |
News |
PowerRating)
closing up 1.7%.
And the Transportation Index
(
$TRX.X |
Quote |
Chart |
News |
PowerRating)
which gained 1.4%.
Lagging was the Insurance Index
(
$IUX.X |
Quote |
Chart |
News |
PowerRating)
which slid 2.8%.
The Oil Services Index
(
$OSX.X |
Quote |
Chart |
News |
PowerRating)
fell 1.7% and the Forest & Paper Index
(
$FPP.X |
Quote |
Chart |
News |
PowerRating) closed lower 1.1%.
Remember that all securities are
risky. In any trade, you should always reduce your risk by adjusting position
size and placing open protective stops where you will sell your long or
cover your short in case the market turns against you. For an introduction to
combining price stops with position sizing, see our lesson, Risky
Business.