Monday’s Top Names

The second day gain and signs
of buying into the close were very encouraging.

The long side setups still appear to look better, so
we will continue to focus on the long side for now, keeping the shorts at the
ready should the bears return.

Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)

and Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
.

Weakest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)

and Utilities
(
$UTY.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


Alberto Culver

(
ACV |
Quote |
Chart |
News |
PowerRating)
89 51.32
267,708

199,900
Cardinal Health
(
CAH |
Quote |
Chart |
News |
PowerRating)
84 66.57 2,604,686 2,905,900

Forest Labs

(
FRX |
Quote |
Chart |
News |
PowerRating)
97 92.23
2,043,620

2,481,800
Wellpoint Health
(
WLP |
Quote |
Chart |
News |
PowerRating)
81 80.84 1,610,180 1,835,100

 

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

AMN Healthcare
(
AHS |
Quote |
Chart |
News |
PowerRating)
10 15.82 484,868 272,400
Baxter International
(
BAX |
Quote |
Chart |
News |
PowerRating)
16 28.65 4,962,151 2,710,700
New
Century Financial

(
NCEN |
Quote |
Chart |
News |
PowerRating)
8 17.96
763,807

7,050,700
Standard Pacific
(
SPF |
Quote |
Chart |
News |
PowerRating)
16 22.09 348,083 363,400


3 Month RS of 80 and
higher with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Stericycle
(
SRCL |
Quote |
Chart |
News |
PowerRating)
89 34.07 564,080 369,369
Multimedia Gaming
(
MGAM |
Quote |
Chart |
News |
PowerRating)
95 21.10 279,350 259,815
Techne Corp.
(
TECH |
Quote |
Chart |
News |
PowerRating)
96 31.47 475,691 885,600
Eli Lilly
(
LLY |
Quote |
Chart |
News |
PowerRating)
87 62.00 4,360,537 4,519,900

 

3 Month RS of 20 and lower
with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

DST Systems
(
DST |
Quote |
Chart |
News |
PowerRating)
10 28.60 590,612 681,900
Certegy, Inc.
(
CEY |
Quote |
Chart |
News |
PowerRating)
9 22.23 463,258 428,900

Siemens AG

(
SI |
Quote |
Chart |
News |
PowerRating)
8 36.10
363,798

378,700

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume


Amerisource Bergen

(
ABC |
Quote |
Chart |
News |
PowerRating)
80 73.38
1,250,422

1,027,600
J2 Global Communications
(
JCOM |
Quote |
Chart |
News |
PowerRating)
97 24.40 341,736 530,700
Mid-Atlantic Medical
(
MME |
Quote |
Chart |
News |
PowerRating)
95 40.25 511,509 1,193,600

 

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

AMN Healthcare
(
AHS |
Quote |
Chart |
News |
PowerRating)
10 15.82 484,868 272,400
Urban Outfitters
(
URBN |
Quote |
Chart |
News |
PowerRating)
9 21.41 451,456 640,354

 

Best of luck with your trading Monday. Please
use protective stops on trades.