Monday’s Top Names
The indices appear
poised to resume their uptrend out of their pullbacks to the 20-day moving
average. In addition to the chart
patterns, we also have new CVR I and II buy setups tonight from the
Market Bias Page. This places the bias for Monday in the long camp, while
you should keep a few shorts at the ready in the event of no follow through.
Hottest Sectors:
Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and The Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Software
(
$GSO.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 |
| Cabot Microelectronics |
( CCMP | Quote | Chart | News | PowerRating) |
85 | 55.50 | 1,234,055 |
838,977 |
| Lexmark International | ( LXK | Quote | Chart | News | PowerRating) |
84 | 65.52 | 1,703,889 | 983,000 |
Qualcomm |
( QCOM | Quote | Chart | News | PowerRating) |
88 | 41.48 | 16,939,800 |
21,013,676 |
| Roadway Corp. | ( ROAD | Quote | Chart | News | PowerRating) |
83 | 40.75 | 451,379 | 177,081 |
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 |
| Activision | ( ATVI | Quote | Chart | News | PowerRating) |
11 | 19.32 | 3,028,135 | 2,804,158 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
5 | 24.72 | 1,033,866 | 1,075,212 |
| Lear Corp. |
( LEA | Quote | Chart | News | PowerRating) |
9 | 35.88 | 732,891 |
568,800 |
| ProQuest Company | ( PQE | Quote | Chart | News | PowerRating) |
12 | 21.31 | 344,420 | 664,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Xilinx | ( XLNX | Quote | Chart | News | PowerRating) |
83 | 22.06 | 11,808,965 | 10,181,210 |
| Overture Services | ( OVER | Quote | Chart | News | PowerRating) |
89 | 28.53 | 1,754,695 | 11,504,080 |
| Artisan Components | ( ARTI | Quote | Chart | News | PowerRating) |
97 | 21.21 | 199,857 | 315,253 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
12 | 26.77 | 4,359,942 | 8,059,700 |
| Greenpoint Financial | ( GPT | Quote | Chart | News | PowerRating) |
14 | 42.33 | 728,762 | 591,000 |
| Wellpoint Health | ( WLP | Quote | Chart | News | PowerRating) |
16 | 69.05 | 2,000,480 | 1,282,100 |
| Hershey Foods | ( HSY | Quote | Chart | News | PowerRating) |
15 | 63.90 | 929,058 | 487,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Coach, Inc. | ( COH | Quote | Chart | News | PowerRating) |
81 | 33.91 | 901,518 | 566,800 |
| Getty Images |
( GYI | Quote | Chart | News | PowerRating) |
88 | 30.04 | 204,241 |
173,600 |
| Microchip Technology | ( MCHP | Quote | Chart | News | PowerRating) |
83 | 25.70 | 5,462,236 | 4,621,444 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amsurg Corp. | ( AMSG | Quote | Chart | News | PowerRating) |
17 | 26.08 | 250,500 | 159,000 |
| IDEC Pharmaceuticals |
( IDPH | Quote | Chart | News | PowerRating) |
6 | 32.53 | 5,226,558 |
5,491,902 |
| Webster Financial Corp. | ( WBS | Quote | Chart | News | PowerRating) |
19 | 32.99 | 168,260 | 260,300 |
Best of luck with your trading Monday. Please use
protective stops on trades.