Monday’s Top Names
A surge into the close has
placed a bullish outlook on Monday’s session. However, even low RS
stocks were up across the board, so the pattern setups were not there to the
short side. Once again, there are not as many candidates on the list tonight, as many
names did not fit the specified criteria. Keep these factors in mind, and wait
for confirmation when the market opens.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.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 |
| Corinthian Colleges | ( COCO | Quote | Chart | News | PowerRating) |
99 | 33.00 | 382,351 | 353,700 |
| Intuit | ( INTU | Quote | Chart | News | PowerRating) |
94 | 50.09 | 3,261,211 | 2,339,500 |
| New Century Financial |
( NCEN | Quote | Chart | News | PowerRating) |
99 | 31.95 | 611,055 |
202,900 |
| Wellpoint Health | ( WLP | Quote | Chart | News | PowerRating) |
86 | 79.60 | 1,630,238 | 537,900 |
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 |
| Advent Software | ( ADVS | Quote | Chart | News | PowerRating) |
1 | 18.99 | 1,576,711 | 679,200 |
| Electronic Data Services | ( EDS | Quote | Chart | News | PowerRating) |
3 | 33.16 | 5,327,095 | 4,774,900 |
Mettler Toledo |
( MTD | Quote | Chart | News | PowerRating) |
19 | 34.91 | 276,552 |
139,300 |
| R.J. Reynolds | ( RJR | Quote | Chart | News | PowerRating) |
11 | 55.02 | 619,735 | 363,700 |
3 Month RS of 80
and higher with volume surge in last hour
None Today.
3 Month RS of 20 and lower with volume surge in last hour
None Today.
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| PPG Industries | ( PPG | Quote | Chart | News | PowerRating) |
87 | 61.85 | 737,877 | 393,400 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
87 | 66.60 | 910,429 | 423,400 |
| Williams-Sonoma | ( WSM | Quote | Chart | News | PowerRating) |
90 | 299.44 | 685,678 | 327,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pediatrix Medical Group | ( PDX | Quote | Chart | News | PowerRating) |
2 | 27.71 | 456,000 | 309,900 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.