Monday’s Top Names
This weekend’s focus is on continuation to the
downside as the indices correct. Friday made good on the four red arrows on the
Market Bias page from Thursday, and there are two more again this evening.
Keep an eye on the strong names — if the market does reverse, they have the best
chance of leading a turnaround.
Hottest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Telecommunications [$XTC,X|$XTC.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 |
Atlantic Coast Airlines |
( ACAI | Quote | Chart | News | PowerRating) |
87 | 24.94 | 815,357 |
412,500 |
| Continental Airlines | ( CAL | Quote | Chart | News | PowerRating) |
87 | 25.77 | 1,972,628 | 1,895,300 |
InVision Technologies |
( INVN | Quote | Chart | News | PowerRating) |
99 | 31.25 | 1,942,222 |
7,357,100 |
| Intermune | ( ITMN | Quote | Chart | News | PowerRating) |
80 | 51.15 | 450,043 | 965,200 |
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 |
| Cooper Industries | ( CBE | Quote | Chart | News | PowerRating) |
9 | 35.75 | 1,793,914 | 4,702,600 |
| Cell Therapeutics | ( CTIC | Quote | Chart | News | PowerRating) |
13 | 26.21 | 582,998 | 701,200 |
| Human Genome Sciences |
( HGSI | Quote | Chart | News | PowerRating) |
8 | 36.09 | 3,106,703 |
7,408,000 |
| Laboratory Corp. | ( LH | Quote | Chart | News | PowerRating) |
18 | 76.25 | 809,225 | 405,900 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Tweeter Home Enterainment | ( TWTR | Quote | Chart | News | PowerRating) |
95 | 27.57 | 447,138 | 726,800 |
| Storage Technology | ( STK | Quote | Chart | News | PowerRating) |
94 | 22.55 | 805,828 | 1,145,700 |
Aviron |
( AVIR | Quote | Chart | News | PowerRating) |
98 | 47.43 | 1,282,857 |
2,059,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Intermune | ( ITMN | Quote | Chart | News | PowerRating) |
80 | 51.15 | 450,043 | 965,200 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Human Genome Sciences | ( HGSI | Quote | Chart | News | PowerRating) |
8 | 36.09 | 3,106,703 | 7,408,000 |
| Laboratory Corp. | ( LH | Quote | Chart | News | PowerRating) |
18 | 76.25 | 809,225 | 405,900 |
Best of luck with your trading Monday. Please
use protective stops on trades.