Monday’s Top Names
Friday’s action, though
choppy, was encouraging in the fact that the day closed strongly.
However, the trends in the indices are still down,
and without a plurality of market bias signals pointing in one direction, we
have to respect that. Hopefully we will get some two-way action like we did a
couple of times in the last week.
Hottest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and
Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and Oil
Service
(
$OSX.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 |
| Americredit | ( ACF | Quote | Chart | News | PowerRating) |
99 | 43.15 | 2,791,142 | 1,616,100 |
| Dial Corp. | ( DL | Quote | Chart | News | PowerRating) |
91 | 21.36 | 1,158,052 | 1,077,100 |
| Gtech Holdings |
( GTK | Quote | Chart | News | PowerRating) |
93 | 58.55 | 406,597 |
514,400 |
| L-3 Holdings | ( LLL | Quote | Chart | News | PowerRating) |
89 | 125.81 | 751,352 | 991,600 |
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 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
15 | 65.38 | 625,905 | 587,800 |
| Guidant | ( GDT | Quote | Chart | News | PowerRating) |
20 | 40.56 | 3,034,200 | 2,218,500 |
International Game Technology |
( IGT | Quote | Chart | News | PowerRating) |
18 | 56.90 | 1,167,840 |
1,740,600 |
| ImClone Systems | ( IMCL | Quote | Chart | News | PowerRating) |
12 | 21.35 | 5,806,802 | 4,268,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Dial Corp. | ( DL | Quote | Chart | News | PowerRating) |
91 | 21.36 | 1,158,052 | 1,077,100 |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
93 | 47.01 | 683,066 | 566,600 |
| Brunswick | ( BC | Quote | Chart | News | PowerRating) |
96 | 28.09 | 481,442 | 515,500 |
| United Rentals | ( URI | Quote | Chart | News | PowerRating) |
80 | 27.90 | 1,001,038 | 453,600 |
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 |
| Impath | ( IMPH | Quote | Chart | News | PowerRating) |
7 | 30.12 | 559,123 | 1,166,000 |
| Ameripath | ( PATH | Quote | Chart | News | PowerRating) |
13 | 23.53 | 386,900 | 1,561,100 |
| General Electric | ( GE | Quote | Chart | News | PowerRating) |
19 | 33.55 | 36,362,323 | 75,058,000 |
| International Business Machines | ( IBM | Quote | Chart | News | PowerRating) |
5 | 85.60 | 16,250,609 | 31,605,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
99 | 28.85 | 490,283 | 619,900 |
| Polymedica | ( PLMD | Quote | Chart | News | PowerRating) |
99 | 37.95 | 297,115 | 221,700 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
94 | 101.80 | 583,006 | 531,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| CSG Systems | ( CSGS | Quote | Chart | News | PowerRating) |
3 | 24.28 | 1,003,798 | 831,700 |
| ImClone Systems | ( IMCL | Quote | Chart | News | PowerRating) |
12 | 21.35 | 5,806,802 | 4,268,300 |
Thermo Electron |
( TMO | Quote | Chart | News | PowerRating) |
17 | 19.51 | 721,534 |
664,200 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.