Monday’s Top Names
Friday’s price action in the indices was the
second day pulling back from the recent highs. Normally, price will pull back
for at least three days, so the focus will be to the short side for Monday. Lean
that way and be ready if the buyers decide to come in force.
Hottest Sectors:Â Drugs
(
DRG.X |
Quote |
Chart |
News |
PowerRating) and the Oil
Index
(
XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Forest and Paper
(
$FPP.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 |
Avocet Corp. |
( AVCT | Quote | Chart | News | PowerRating) |
92 | 21.80 | 445,872 |
509,000 |
| Immucor, Inc. | ( BLUD | Quote | Chart | News | PowerRating) |
88 | 23.65 | 340,748 | 375,600 |
| IGEN International |
( IGEN | Quote | Chart | News | PowerRating) |
84 | 38.39 | 194,014 |
327,600 |
| Varian Semiconductor | ( VSEA | Quote | Chart | News | PowerRating) |
86 | 26.05 | 1,026,443 | 1,859,900 |
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 |
| Cigna | ( CI | Quote | Chart | News | PowerRating) |
1 | 36.27 | 1,986,549 | 1,719,900 |
| Lancaster Colony | ( LANC | Quote | Chart | News | PowerRating) |
16 | 35.04 | 213,683 | 333,900 |
| MDC Corp. |
( MDC | Quote | Chart | News | PowerRating) |
17 | 34.11 | 196,625 |
212,500 |
| Wendy’s International | ( WEN | Quote | Chart | News | PowerRating) |
7 | 26.90 | 1,586,463 | 4,124,600 |
Â
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Hispanic Broadcasting | ( HSP | Quote | Chart | News | PowerRating) |
80 | 23.00 | 700,726 | 622,100 |
| Microchip Technologies | ( MCHP | Quote | Chart | News | PowerRating) |
81 | 26.52 | 5,212,771 | 3,871,600 |
Integrated Circuit Systems |
( ICST | Quote | Chart | News | PowerRating) |
89 | 22.04 | 1,817,266 |
2,398,100 |
Â
3 Month RS of 20
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| General Electric | ( GE | Quote | Chart | News | PowerRating) |
18 | 25.10 | 28,641,026 | 30,721,000 |
| Rockwell Collins | ( COL | Quote | Chart | News | PowerRating) |
18 | 21.94 | 660,431 | 430,700 |
| Englehard Corp. | ( EC | Quote | Chart | News | PowerRating) |
18 | 21.94 | 482,895 | 404,700 |
| Gillette | ( G | Quote | Chart | News | PowerRating) |
20 | 28.98 | 3,071,897 | 2,802,300 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Novellus | ( NVLS | Quote | Chart | News | PowerRating) |
83 | 32.02 | 10,251,778 | 12,899,000 |
| Open Text |
( OTEX | Quote | Chart | News | PowerRating) |
80 | 24.50 | 372,687 |
313,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Oxford Health | ( OHP | Quote | Chart | News | PowerRating) |
15 | 33.00 | 1,043,682 | 2,837,300 |
Syncor International |
( SCOR | Quote | Chart | News | PowerRating) |
4 | 18.38 | 480,376 |
5,870,100 |
| Triad Hospitals | ( TRI | Quote | Chart | News | PowerRating) |
12 | 29.18 | 824,372 | 5,538,400 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.