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