Monday’s Top Names
The indices continue to rally out
of Haggerty 1-2-3 bottoms on the daily charts, which are also confirmed in the
weekly charts. This places the bias for
Monday to the long side. However, keep shorts ready in case — as the market often
will do the most obvious thing in the most un-obvious manner.
Hottest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: The Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
and Broker/Dealers
(
$XBD.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 |
| Autozone | ( AZO | Quote | Chart | News | PowerRating) |
93 | 85.79 | 1,266,932 | 1,739,500 |
| Clear Channel Communications | ( CCU | Quote | Chart | News | PowerRating) |
88 | 38.57 | 5,386,615 | 3,507,700 |
InVision Technologies |
( INVN | Quote | Chart | News | PowerRating) |
83 | 35.05 | 965,497 |
942,700 |
| Sallie Mae | ( SLM | Quote | Chart | News | PowerRating) |
86 | 105.15 | 1,000,712 | 1,811,400 |
Â
3 Month RS of 30 or lower
and close in bottom part of range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Centergy | ( CEY | Quote | Chart | News | PowerRating) |
18 | 22.87 | 461,495 | 212,700 |
| Fluor Corp. | ( FLR | Quote | Chart | News | PowerRating) |
18 | 21.87 | 672,637 | 514,300 |
General Motors |
( GM | Quote | Chart | News | PowerRating) |
27 | 34.31 | 6,005,303 |
7,449,800 |
| JetBlue Airways | ( JBLU | Quote | Chart | News | PowerRating) |
29 | 35.65 | 633,367 | 152,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| 99 Cents Only Stores | ( NDN | Quote | Chart | News | PowerRating) |
91 | 27.61 | 404,446 | 411,000 |
| Arkansas Best Foods | ( ABFS | Quote | Chart | News | PowerRating) |
95 | 30.30 | 354,462 | 350,800 |
| Expeditors International | ( EXPD | Quote | Chart | News | PowerRating) |
86 | 30.38 | 567,875 | 548,600 |
| Lexmark International | ( LXK | Quote | Chart | News | PowerRating) |
90 | 55.74 | 1,460,857 | 1,092,800 |
Â
3 Month RS of 30 and lower with volume surge in last hour
None Today
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Entercom Communications | ( ETM | Quote | Chart | News | PowerRating) |
83 | 50.56 | 442,280 | 466,400 |
| Murphy Oil | ( MUR | Quote | Chart | News | PowerRating) |
92 | 92.53 | 398,811 | 434,600 |
| Varian Medical Systems | ( VAR | Quote | Chart | News | PowerRating) |
94 | 46.95 | 465,957 | 386,600 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Bowater | ( BOW | Quote | Chart | News | PowerRating) |
30 | 36.52 | 695,702 | 413,200 |
| Furniture Brands International | ( FBN | Quote | Chart | News | PowerRating) |
29 | 21.42 | 462,632 | 251,400 |
| OM Group | ( OMG | Quote | Chart | News | PowerRating) |
24 | 32.25 | 242,691 | 1,731,000 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.