Monday’s Top Names
Friday’s push downward in the
three major indices leaves the markets in a vulnerable position.
On Monday, the shorts should be in focus as that
direction appears to be the path of least resistance. If we happen to get buyers
to show up, all the better. Friday gave us some good trading in both directions,
which is the daytraders ideal.
Hottest Sectors: None.
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and the
Consumer Index
(
$CMR.X |
Quote |
Chart |
News |
PowerRating).
Monday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alcon | ( ACL | Quote | Chart | News | PowerRating) |
87 | 38.05 | 342,303 | 230,000 |
| Boston Scientific | ( BSX | Quote | Chart | News | PowerRating) |
86 | 31.48 | 2,122,440 | 3,345,900 |
Steris |
( STE | Quote | Chart | News | PowerRating) |
95 | 23.75 | 487,991 |
981,000 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
98 | 34.90 | 469,629 | 840,984 |
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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 |
| Alaska Airlines | ( ALK | Quote | Chart | News | PowerRating) |
17 | 17.30 | 218,998 | 843,100 |
| Cigna Corp. | ( CI | Quote | Chart | News | PowerRating) |
18 | 71.96 | 999,595 | 780,900 |
General Motors |
( GM | Quote | Chart | News | PowerRating) |
19 | 39.79 | 5,430,642 |
5,740,200 |
| MGIC Investments | ( MTG | Quote | Chart | News | PowerRating) |
5 | 40.42 | 1,096,680 | 1,439,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Johnson & Johnson | ( JNJ | Quote | Chart | News | PowerRating) |
82 | 55.10 | 10,287,052 | 9,142,200 |
| United Parcel Service | ( UPS | Quote | Chart | News | PowerRating) |
81 | 62.67 | 6,024,791 | 2,727,200 |
| Lennar Corp. | ( LEN | Quote | Chart | News | PowerRating) |
82 | 56.00 | 1,824,405 | 1,612,600 |
| Sysco Corp. | ( SYY | Quote | Chart | News | PowerRating) |
92 | 29.54 | 2,475,346 | 3,144,000 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Computer Sciences Corp. | ( CSC | Quote | Chart | News | PowerRating) |
6 | 26.03 | 1,334,238 | 1,336,400 |
| Safeway Stores | ( SWY | Quote | Chart | News | PowerRating) |
15 | 22.24 | 3,377,449 | 3,341,900 |
| First Data Corp. | ( FDC | Quote | Chart | News | PowerRating) |
20 | 28.30 | 4,271,911 | 3,799,700 |
| Public Service Enterprise Group | ( PEG | Quote | Chart | News | PowerRating) |
19 | 30.05 | 1,204,411 | 1,577,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Lexmark | ( LXK | Quote | Chart | News | PowerRating) |
81 | 48.49 | 1,421,695 | 1,853,600 |
| Steris | ( STE | Quote | Chart | News | PowerRating) |
95 | 23.75 | 487,991 | 981,000 |
| Universal Health | ( UHS | Quote | Chart | News | PowerRating) |
89 | 51.40 | 559,718 | 737,200 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Nationwide Financial Services | ( NFS | Quote | Chart | News | PowerRating) |
14 | 26.45 | 184,557 | 167,300 |
| Siemens | ( SI | Quote | Chart | News | PowerRating) |
14 | 34.88 | 350,782 | 266,700 |
| Weyerhauser | ( WY | Quote | Chart | News | PowerRating) |
14 | 43.99 | 1,314,311 | 1,695,000 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.