Monday’s Hit List
Indices were a mixed bag on Friday, with the
Dow
(
$INDU |
Quote |
Chart |
News |
PowerRating) managing to gain 82 points and the S&P 500
(
$SPX.X |
Quote |
Chart |
News |
PowerRating)
gaining 4 1/2. The Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating), which had been the
strongest index, paused in Friday’s session, dropping 6 points. While the trend
remains up on the charts, intraday action has been choppy with nothing showing
up to suggest Monday will be any different. Keep picking you spots and take
advantage of opportunities both long and short as they present themselves.
Hottest Sectors:Â Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
and Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
Monday’s stocks
to watch:
3 Month RS of 90 and higher and close in top
part of
range
Â
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Affymetrix |
( AFFX | Quote | Chart | News | PowerRating) |
99 | 31.70 | 1,116,731 |
9,218,500 |
| WebSense |
( WBSN | Quote | Chart | News | PowerRating) |
98 | 23.86 | 454,568 | 1,324,200 |
| Titan Corp. |
( TTN | Quote | Chart | News | PowerRating) |
96 |
27.00 | 1,080,495 |
2,646,000 |
| Protein Design Labs | ( PDLI | Quote | Chart | News | PowerRating) |
93 | 36.43 | 4,068,781 | 6,417,200 |
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 |
Abercrombie and Fitch |
( ANF | Quote | Chart | News | PowerRating) |
3 | 20.40 | 2,122,718 |
2,526,400 |
| Exelon Corp. | ( EXC | Quote | Chart | News | PowerRating) |
6 | 41.05 | 2,046,086 | 2,514,000 |
| Hot Topic |
( HOTT | Quote | Chart | News | PowerRating) |
16 | 24.75 | 823,677 |
1,542,300 |
| Bed, Bath and Beyond | ( BBBY | Quote | Chart | News | PowerRating) |
18 | 26.87 | 4,724,872 | 2,943,600 |
Â
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Bruker Daltonics |
( BDAL | Quote | Chart | News | PowerRating) |
99 | 23.80 | 689,250 |
1,513,300 |
| Michael’s Stores |
( MIKE | Quote | Chart | News | PowerRating) |
93 | 52.66 | 513,381 | 1,449,700 |
Business Objects |
( BOBJ | Quote | Chart | News | PowerRating) |
87 | 28.89 | 747,454 |
536,500 |
| UTStarcom | ( UTSI | Quote | Chart | News | PowerRating) |
86 | 21.85 | 1,084,236 | 883,500 |
Â
Stocks in Slim Jims
At or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Abgenix | ( ABGX | Quote | Chart | News | PowerRating) |
81 | 31.50 | 1,582,546 | 2,065,400 |
| Mercury Computer | ( MRCY | Quote | Chart | News | PowerRating) |
90 | 50.17 | 512,367 | 329,300 |
| Protein Design Labs | ( PDLI | Quote | Chart | News | PowerRating) |
93 | 36.43 | 4,068,781 | 6,417,200 |
At or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Exelon Corp. | ( EXC | Quote | Chart | News | PowerRating) |
6 | 41.05 | 2,046,086 | 2,514,000 |
| Siebel Systems | ( SEBL | Quote | Chart | News | PowerRating) |
12 | 18.74 | 15,559,665 | 5,495,000 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.