Monday’s Top Names
The market opened down a
bit on some light profit-taking, then it chopped around all day, and
ended down a bit on late profit-taking. The Nasdaq impressively ended with a
slight gain after being the weakest at the open. It was a somewhat boring
trading day, but also essentially positive. A small decline is good news after
the gains of Wednesday-Thursday.
Strong Sectors:Â
networking, gold, utility, telecom, biotech,
defense, retail
Weak Sectors:
semiconductors, oil/oil service, software
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 |
| Cabot Microelectronics |
( CCMP | Quote | Chart | News | PowerRating) |
89 | 58.89 | 1,293,600 |
1,260,341 |
| Cognos Inc. | ( COGN | Quote | Chart | News | PowerRating) |
86 | 24.47 | 1,183,600 | 2,007,973 |
| Icos | ( ICOS | Quote | Chart | News | PowerRating) |
82 | 30.66 | 1,078,700 |
1,733,607 |
| Neoware | ( NWRE | Quote | Chart | News | PowerRating) |
86 | 17.75 | 621,700 | 565,440 |
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 |
| Black & Decker | ( BDK | Quote | Chart | News | PowerRating) |
26 | 43.70 | 865,200 | 695,900 |
| CSX Corp | ( CSX | Quote | Chart | News | PowerRating) |
13 | 27.45 | 1,304,900 | 1,105,700 |
| Devon Energy |
( DVN | Quote | Chart | News | PowerRating) |
13 | 45.22 | 1,194,200 |
1,247,100 |
| Fifth Third Bancorp | ( FITB | Quote | Chart | News | PowerRating) |
30 | 57.13 | 3,384,100 | 2,611,380 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| OSI Pharmaceuticals | ( OSIP | Quote | Chart | News | PowerRating) |
90 | 22.67 | 1,032,300 | 704,947 |
| Shaw Group | ( SGR | Quote | Chart | News | PowerRating) |
81 | 18.06 | 747,800 | 670,900 |
| Stilwell Finc | ( SV | Quote | Chart | News | PowerRating) |
15.13 | 86 | 1,845,000 | 2,305,900 |
| Robert Half | ( RHI | Quote | Chart | News | PowerRating) |
83 | 20.15 | 1,039,400 | 1,419,300 |
3 Month RS of 30 and lower
with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Harrah’s Ent | ( HET | Quote | Chart | News | PowerRating) |
11 | 39.22 | 1,491,500 | 1,712,400 |
| Kimberly Clark | ( KMB | Quote | Chart | News | PowerRating) |
20 | 51.00 | 2,033,200 | 2,521,500 |
| Chevrontexaco | ( CVX | Quote | Chart | News | PowerRating) |
17 | 66.50 | 3,310,800 | 3,710,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Shaw Group |
( SGR | Quote | Chart | News | PowerRating) |
81 |
18.06 | 747,800 |
670,900 |
| United Online | ( UNTD | Quote | Chart | News | PowerRating) |
91 | 16.40 | 831,300 | 2,803,536 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| St Jude Medical | ( STJ | Quote | Chart | News | PowerRating) |
12 | 32.23 | 1,857,400 | 3,323,400 |
Best of luck with your trading Monday. Please
use protective stops on trades.