Monday’s Top Names
While the charts may look
ugly, we are extremely oversold and have to respect the three CVR buy signals
tonight on the Market Bias Page. For this
reason we will look for a bounce, but be sure to wait for follow through before
putting on positions. Be careful of any shorts that may be whipsawed, so tread
lightly (if at all) to that side.
Hottest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) and Oil
Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Semiconductors
(
$SOX.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 |
| Angolgold | ( AU | Quote | Chart | News | PowerRating) |
98 | 27.96 | 685,088 | 1,414,700 |
| Quest Diagnostics | ( DGX | Quote | Chart | News | PowerRating) |
82 | 91.05 | 737,002 | 870,900 |
Newmont Mining |
( NEM | Quote | Chart | News | PowerRating) |
88 | 30.08 | 5,532,662 |
6,909,200 |
| Williams-Sonoma | ( WSM | Quote | Chart | News | PowerRating) |
95 | 58.88 | 645,262 | 607,900 |
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) |
20 | 47.99 | 657,086 | 927,800 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
9 | 100.60 | 1,329,029 | 2,039,400 |
Cephalon |
( CEPH | Quote | Chart | News | PowerRating) |
13 | 57.79 | 2,185,557 |
3,309,200 |
| Marvell Technology | ( MRVL | Quote | Chart | News | PowerRating) |
14 | 36.90 | 2,747,952 | 2,650,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Weatherford International | ( WFT | Quote | Chart | News | PowerRating) |
87 | 50.37 | 1,730,580 | 1,553,200 |
| Flowserve | ( FLS | Quote | Chart | News | PowerRating) |
85 | 34.09 | 676,561 | 800,300 |
| Allstate | ( ALL | Quote | Chart | News | PowerRating) |
80 | 39.96 | 2,278,866 | 1,582,900 |
| Mohawk Industries | ( MHK | Quote | Chart | News | PowerRating) |
85 | 64.30 | 791,142 | 480,200 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pharmaceutical Product Develop | ( PPDI | Quote | Chart | News | PowerRating) |
11 | 27.61 | 1,006,257 | 714,100 |
| InterMune | ( ITMN | Quote | Chart | News | PowerRating) |
3 | 27.21 | 829,719 | 825,200 |
| General Electric | ( GE | Quote | Chart | News | PowerRating) |
7 | 31.50 | 44,033,295 | 26,270,500 |
| BellSouth | ( BLS | Quote | Chart | News | PowerRating) |
7 | 31.15 | 5,973,300 | 5,806,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Renaissance RE Holdings | ( RNR | Quote | Chart | News | PowerRating) |
84 | 114.69 | 253,671 | 274,700 |
| Hotel Reservations Network | ( ROOM | Quote | Chart | News | PowerRating) |
83 | 43.86 | 740,885 | 1,462,200 |
| Smith International | ( SII | Quote | Chart | News | PowerRating) |
87 | 71.29 | 1,301,174 | 1,201,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
QLogic |
( QLGC | Quote | Chart | News | PowerRating) |
18 | 43.86 | 9,815,612 |
12,058,500 |
| TMP Worldwide | ( TMPW | Quote | Chart | News | PowerRating) |
5 | 28.73 | 3,193,814 | 2,507,800 |
| Veeco Instruments | ( VECO | Quote | Chart | News | PowerRating) |
18 | 29.50 | 609,703 | 1,283,500 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.