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

 

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.

 

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

 

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

 

Best of luck with your trading Monday. Please use
protective stops on trades.