Monday’s Top Names
Sell-off, reversal. Sell-off, reversal. Sell-off,
reversal. This has been the intraday pattern for the last six sessions. The
indices continue to seemingly shrug off all that is negative, and if they don’t go
higher, at least they don’t fall. While there is seemingly not much for the
market to get excited about, its relative strength is telling us that while
there may not be a great deal of buying, there are also may not be many stepping up to
sell. Keep an eye on both sides until Mr. Market tips his hand.
Hottest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and the Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) .
Weakest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating).
Monday’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 |
Affymetrix |
( AFFX | Quote | Chart | News | PowerRating) |
99 | 33.80 | 1,607,320 |
857,500 |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
97 | 45.81 | 13,944,683 | 11,911,600 |
| Cree Research |
( CREE | Quote | Chart | News | PowerRating) |
86 | 25.25 | 1,543,205 |
2,834,900 |
| Marvell Technologies | ( MRVL | Quote | Chart | News | PowerRating) |
95 | 32.80 | 1,766,905 | 4,965,400 |
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 |
| BJ Wholesale Club | ( BJ | Quote | Chart | News | PowerRating) |
13 | 47.52 | 711,071 | 1,054,200 |
| Impath | ( IMPH | Quote | Chart | News | PowerRating) |
8 | 34.82 | 342,780 | 151,000 |
| Shire Pharmaceuticals |
( SHPGY | Quote | Chart | News | PowerRating) |
8 | 39.50 | 817,546 |
606,000 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
9 | 58.01 | 1,436,000 | 876,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Isis Pharmaceuticals |
( ISIP | Quote | Chart | News | PowerRating) |
97 | 23.22 | 764,627 |
706,500 |
| Intel | ( INTC | Quote | Chart | News | PowerRating) |
81 | 30.54 | 55,653,036 | 46,520,200 |
| Ballard Power | ( BLDP | Quote | Chart | News | PowerRating) |
85 | 30.10 | 1,257,586 | 625,400 |
| Kohl’s Corp. | ( KSS | Quote | Chart | News | PowerRating) |
85 | 65.75 |
1,940,004 |
3,290,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Boston Scientific | ( BSX | Quote | Chart | News | PowerRating) |
81 | 24.55 | 1,960,302 | 1,678,100 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
91 | 50.00 | 9,340,215 | 7,352,100 |
| Marvell Technologies | ( MRVL | Quote | Chart | News | PowerRating) |
95 | 32.80 | 1,766,905 | 4,965,400 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Abercrombie and Fitch | ( ANF | Quote | Chart | News | PowerRating) |
4 | 22.15 | 2,244,788 | 3,223,100 |
Express Scripts |
( ESRX | Quote | Chart | News | PowerRating) |
4 | 38.45 | 2,189,502 |
1,243,400 |
Best of luck with your trading Monday. Please use
protective stops on trades.