Monday’s Top Names
While the indices managed to
close well, a lower high and a lower low was still put in.
This keeps the leg down intact and still points to
that direction. Therefore, keep an eye to the short side while keeping the
longs in the bullpen in the event they are needed.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Cyclicals
(
$CYC.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 |
| Apache Corp. | ( APA | Quote | Chart | News | PowerRating) |
87 | 57.29 | 1,486,149 | 1,709,200 |
| Countrywide Credit | ( CCR | Quote | Chart | News | PowerRating) |
82 | 52.10 |
1,458,783 |
1,117,400 |
Hovnanian Enterprises |
( HOV | Quote | Chart | News | PowerRating) |
97 | 39.15 | 560,388 |
833,800 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 35.76 | 934,126 | 2,588,000 |
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 |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
3 | 22.10 | 1,446,547 | 1,682,800 |
| Four Seasons Hotels | ( FS | Quote | Chart | News | PowerRating) |
18 | 33.33 | 245,665 | 263,000 |
Linear Technology |
( LLTC | Quote | Chart | News | PowerRating) |
7 | 22.53 | 8,175,263 |
7,084,600 |
| NCR Corporation | ( NCR | Quote | Chart | News | PowerRating) |
20 | 26.33 | 848,434 | 901,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Bristol-Myers Squibb | ( BMY | Quote | Chart | News | PowerRating) |
85 | 26.11 | 8,431,137 | 4,830,700 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
89 | 36.29 | 1,133,040 | 1,011,098 |
| Alltel | ( AT | Quote | Chart | News | PowerRating) |
82 | 46.96 | 1,335,695 | 860,500 |
| Forest Labs | ( FRX | Quote | Chart | News | PowerRating) |
93 | 78.15 | 1,786,605 | 1,813,500 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Bellsouth | ( BLS | Quote | Chart | News | PowerRating) |
16 | 23.05 | 5,143,123 | 2,910,200 |
| Starwood Hotels | ( HOT | Quote | Chart | News | PowerRating) |
18 | 24.38 | 2,285,291 | 1,971,800 |
| SBC Communications | ( SBC | Quote | Chart | News | PowerRating) |
19 | 24.55 | 9,247,369 | 4,927,900 |
| TransOcean Sedco | ( RIG | Quote | Chart | News | PowerRating) |
10 | 22.07 | 2,697,698 | 2,499,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Level-3 Communications | ( LLL | Quote | Chart | News | PowerRating) |
91 | 56.98 | 2,038,031 | 2,263,900 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
88 | 68.78 | 878,237 | 864,850 |
| Varian Medical | ( VAR | Quote | Chart | News | PowerRating) |
87 | 43.68 | 525,200 | 324,500 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
3 | 22.10 | 1,446,547 | 1,682,800 |
| Four Seasons Hotels | ( FS | Quote | Chart | News | PowerRating) |
18 | 33.33 | 245,665 | 263,000 |
| Greater Bay Bancorp | ( GBBK | Quote | Chart | News | PowerRating) |
15 | 21.88 | 1,092,517 | 2,294,467 |
Best of luck with your trading Monday. Please use
protective stops on trades.