Monday’s Top Names
Charts of the indices are
looking ugly, but we are in oversold territory.
While that does not mean we can’t become even more
oversold, we have a slew of CVR buy signals Friday evening. Look for a possible
bounce and some long side plays, but if it doesn’t come to pass, go with the
flow.
Hottest Sectors: Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) and
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Computer Technology
(
$XCI.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 | 30.90 | 231,094 | 775,400 |
| Energizer Holdings | ( ENR | Quote | Chart | News | PowerRating) |
94 | 29.34 | 363,051 | 740,600 |
General Dynamics |
( GD | Quote | Chart | News | PowerRating) |
84 | 110.58 |
1,193,417 |
2,296,500 |
| Yellow Corp. | ( YELL | Quote | Chart | News | PowerRating) |
81 | 31.08 | 342,677 | 402,800 |
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 |
| Biotech Holders ETF | ( BBH | Quote | Chart | News | PowerRating) |
7 | 80.70 | 1,525,578 | 1,096,000 |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating) |
2 | 29.08 | 5,475,058 | 5,070,000 |
Linear Technology |
( LLTC | Quote | Chart | News | PowerRating) |
12 | 29.08 | 5,451,289 |
7,978,100 |
| McGraw-Hill | ( MHP | Quote | Chart | News | PowerRating) |
19 | 58.00 | 570,729 | 786,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Coca-Cola | ( KO | Quote | Chart | News | PowerRating) |
84 | 56.00 | 5,473,161 | 27,504,300 |
| Tenet Healthcare | ( THC | Quote | Chart | News | PowerRating) |
92 | 74.75 | 1,861,333 | 8,217,200 |
| Lockheed Martin | ( LMT | Quote | Chart | News | PowerRating) |
88 | 70.36 | 2,695,452 | 5,020,900 |
| The Limited Group | ( LTD | Quote | Chart | News | PowerRating) |
85 | 20.53 | 3,214,176 | 11,948,300 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| King Pharmaceuticals |
( KG | Quote | Chart | News | PowerRating) |
6 | 20.50 | 1,625,152 |
20,604,900 |
| Convergys | ( CVG | Quote | Chart | News | PowerRating) |
20 | 21.15 | 873,247 | 9,091,800 |
| Texas Instruments | ( TXN | Quote | Chart | News | PowerRating) |
10 | 22.93 | 11,857,661 | 33,743,500 |
| Abbott Labs | ( ABT | Quote | Chart | News | PowerRating) |
5 | 36.13 | 7,748,742 | 9,519,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Annaly Mortgage | ( NLY | Quote | Chart | News | PowerRating) |
93 | 21.15 | 710,717 | 1,085,400 |
| Panera Bread Company | ( PNRA | Quote | Chart | News | PowerRating) |
87 | 71.47 | 446,958 | 321,200 |
| Willis Group Holdings | ( WSH | Quote | Chart | News | PowerRating) |
93 | 33.14 | 780,155 | 333,000 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Merck | ( MRK | Quote | Chart | News | PowerRating) |
20 | 51.20 | 392,728 | 871,300 |
| Sholastic Corp. | ( SCHL | Quote | Chart | News | PowerRating) |
12 | 39.27 | 346,968 | 870,000 |
| SPX Corp. |
( SPW | Quote | Chart | News | PowerRating) |
19 | 113.55 |
424,920 |
769,400 |
Best of luck with your trading Monday. Please use
protective stops on trades.