Monday’s Top Names
Friday’s
action appears to have put a short-term halt to the correction,
as both the Nasdaq Composite ($COMPX)
and the S&P 500 ($SPX.X)
rose upward to close positive and in the top of their range. This puts
the S&P at the trigger above a mini triple top and the Naz
appearing to re-test its high of three days ago. Keep in mind,
however, that things could always change over the weekend. The beauty
of daytrading is that you can simply roll with the tide, whichever
direction it decides to run.
Hottest Sectors: Retail ($RLX.X)
and Telecommunications ($XTC.X).
Weakest Sectors: Technology ($PSE.X).
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) | 98 | 37.13 | 1,630,585 | 741,200 |
| McData | (MCDT) | 98 | 23.00 | 1,545,029 | 595,800 |
| Myriad Genetics |
(MYGN) | 95 | 56.15 | 995,052 | 270,600 |
| Precise Software |
(PRSE) | 85 | 21.45 | 539,248 | 69,800 |
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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 |
| AdvancePCS | (ADVP) | 4 | 28.20 | 1,399,063 | 999,600 |
| Activision | (ATVI) | 18 | 21.60 | 902,908 | 2,017,700 |
| Syncor Corp. |
(SCOR) | 9 | 28.63 | 369,852 | 182,900 |
| Shire Pharmaceuticals |
(SHPGY) | 2 | 36.86 | 826,195 | 4,374,500 |
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3 Month
RS of 80 and higher with volume surge in last hour
None Today
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Stocks in
Slim Jims
High RS at
or near high
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Autozone | (AZO) | 94 | 66.83 | 1,446,215 | 202,000 |
| Brocade | (BRCD) | 92 | 31.40 | 17,161,277 | 3,867,800 |
| Computer Network Technology |
(CMNT) | 99 | 20.05 | 444,000 | 171,400 |
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Low RS at
or near low
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Activision | (ATVI) | 18 | 21.60 | 902,908 | 2,017,700 |
| Manor Care |
(HCR) | 6 | 23.11 | 833,440 | 110,700 |
| Unilab Corp. |
(ULAB) | 12 | 22.35 | 343,206 | 6,000 |
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Best of luck with your trading Monday.
Please use protective stops on trades.