Monday’s Top Names
The band may be stretched too
far to the downside, as we have CVR II, III and VI buy signals triggering
Friday night.
With three signals in play, the bias is firmly to
the upside. Focus on the long candidates first, then see where the big boys want
to take things. If the bears win the battle, we will have or shorts ready to go.
Hottest Sectors: Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating)
and Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.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
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cooper Companies | ( COO | Quote | Chart | News | PowerRating) |
96 | 52.59 | 250,455 | 237,100 |
| Engineered Support Systems | ( EASI | Quote | Chart | News | PowerRating) |
97 | 57.75 | 209,478 | 215,900 |
International Game Technology |
( IGT | Quote | Chart | News | PowerRating) |
92 | 66.29 | 959,194 |
1,387,300 |
| Meredith Corp. | ( MDP | Quote | Chart | News | PowerRating) |
93 | 44.63 | 206,265 | 475,300 |
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 |
| BISYS Group | ( BSG | Quote | Chart | News | PowerRating) |
9 | 18.60 | 995,378 | 2,648,800 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
8 | 28.01 | 15,721,771 | 13,914,556 |
| NCR Corp. |
( NCR | Quote | Chart | News | PowerRating) |
13 | 22.33 | 872,043 |
1,695,500 |
| Radian Group | ( RDN | Quote | Chart | News | PowerRating) |
12 | 32.90 | 673,249 | 1,135,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Southern Company | ( SO | Quote | Chart | News | PowerRating) |
86 | 28.28 | 2,184,031 | 4,628,800 |
| Abbott Labs | ( ABT | Quote | Chart | News | PowerRating) |
91 | 41.80 | 5,129,208 | 8,818,500 |
| Biomet | ( BMET | Quote | Chart | News | PowerRating) |
84 | 28.09 | 2,378,954 | 4,277,154 |
| Wal-Mart Stores | ( WMT | Quote | Chart | News | PowerRating) |
81 | 54.70 | 10,194,412 | 17,149,400 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BJ’s Wholesale Club | ( BJ | Quote | Chart | News | PowerRating) |
5 | 20.00 | 1,150,074 | 2,847,100 |
| Citigroup | ( C | Quote | Chart | News | PowerRating) |
16 | 26.83 | 24,864,805 | 43,626,900 |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
18 | 32.29 | 4,177,962 | 3,976,000 |
| Household International | ( HI | Quote | Chart | News | PowerRating) |
6 | 29.05 | 4,816,340 | 5,543,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Scholastic Corp. | ( SCHL | Quote | Chart | News | PowerRating) |
81 | 44.96 | 419,947 | 1,729,214 |
| Varian Medical Systems | ( VAR | Quote | Chart | News | PowerRating) |
86 | 43.00 | 518,380 | 317,700 |
| Willis Group Holdings | ( WSH | Quote | Chart | News | PowerRating) |
85 | 31.48 | 649,169 | 430,900 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BJ’s Wholesale Club | ( BJ | Quote | Chart | News | PowerRating) |
5 | 20.00 | 1,150,074 | 2,847,100 |
| The PMI Group | ( PMI | Quote | Chart | News | PowerRating) |
20 | 27.67 | 744,035 | 1,364,100 |
| The Shaw Group | ( SGR | Quote | Chart | News | PowerRating) |
11 | 14.99 | 960,915 | 1,251,200 |
Best of luck with your trading Monday. Please use
protective stops on trades.