Monday’s Top Names
The indices managed to hold their own in Friday’s
session, and the Dow Industrials
(
$INDU |
Quote |
Chart |
News |
PowerRating) managed to eke out a positive
close. The bias still appears to be to the upside, but as always, be ready to
switch direction in the event it doesn’t materialize. Just because there are two
arrows pointing up on the
Market Bias Indicators page does not mean traders can ignore the short side.
Hottest Sectors:
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and Transports
(
$TRX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banking Sectors
(
$BKX.X |
Quote |
Chart |
News |
PowerRating)
and
(
$BIX.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 |
Biovail Corp. |
( BVF | Quote | Chart | News | PowerRating) |
82 | 54.71 | 933,557 |
1,432,100 |
Cephalon | ( CEPH | Quote | Chart | News | PowerRating) |
86 | 72.74 | 1,152,686 | 1,161,800 |
eBay |
( EBAY | Quote | Chart | News | PowerRating) |
90 | 68.07 | 8,966,949 |
8,402,600 |
International Game Technology | ( IGT | Quote | Chart | News | PowerRating) |
84 | 61.99 | 1,377,326 | 1,640,900 |
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 |
Astoria Financial | ( ASFC | Quote | Chart | News | PowerRating) |
10 | 49.67 | 592,894 | 1,132,400 |
Chiron | ( CHIR | Quote | Chart | News | PowerRating) |
8 | 43.42 | 2,856,485 | 2,907,200 |
Dime Bancorp |
( DME | Quote | Chart | News | PowerRating) |
17 | 34.52 | 741,262 |
498,200 |
Shire Pharmaceuticals | ( SHPGY | Quote | Chart | News | PowerRating) |
3 | 35.90 | 1,003,831 | 521,800 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Gemstar-TV Guide | ( GMST | Quote | Chart | News | PowerRating) |
81 | 27.73 | 4,502,214 | 5,281,000 |
Genentech | ( DNA | Quote | Chart | News | PowerRating) |
83 | 57.45 | 2,750,904 | 1,957,000 |
Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
89 | 71.39 | 3,614,114 | 3,505,600 |
Tyco International | ( TYC | Quote | Chart | News | PowerRating) |
82 | 58.80 | 13,300,290 | 21,767,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
89 | 71.39 | 3,614,114 | 3,505,600 |
Biovail Corp. |
( BVF | Quote | Chart | News | PowerRating) |
82 | 54.71 | 933,557 |
1,432,100 |
Anchor Gaming | ( SLOT | Quote | Chart | News | PowerRating) |
84 | 60.90 | 316,754 | 865,700 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Dime Bancorp | ( DME | Quote | Chart | News | PowerRating) |
17 | 34.52 | 741,262 | 498,200 |
Optimal Robotics | ( OPMR | Quote | Chart | News | PowerRating) |
1 | 26.30 | 882,997 | 589,300 |
Syncor International | ( SCOR | Quote | Chart | News | PowerRating) |
4 | 26.03 | 339,018 | 983,100 |
Best of luck with your trading Monday. Please use
protective stops on trades.