Monday’s Top Names
The pattern of early strength
and late afternoon weakness continued, to end the shortened holiday trading week.
The tilt however, has to be to the bears
as we have down arrows from CVR sells on CVR I, CVR II and CVR VI. When multiple
signals stack up like this, the greater the chance of follow through.
Hottest Sectors:
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating) and Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating).
Monday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amkor Technology | ( AMKR | Quote | Chart | News | PowerRating) |
93 | 22.31 | 1,068,615 | 1,495,000 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
98 | 69.84 | 789,117 | 614,800 |
Novellus |
( NVLS | Quote | Chart | News | PowerRating) |
84 | 54.13 | 7,287,508 |
5,679,400 |
| Patterson-UTI Energy | ( PTEN | Quote | Chart | News | PowerRating) |
89 | 29.74 | 1,352,698 | 2,614,900 |
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 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
2 | 37.94 | 2,304,283 | 2,391,100 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
16 | 119.81 | 1,312,642 | 938,000 |
Medimmune |
( MEDI | Quote | Chart | News | PowerRating) |
16 | 39.33 | 3,573,549 |
7,547,400 |
| Taro Pharmaceutical | ( TARO | Quote | Chart | News | PowerRating) |
16 | 28.35 | 603,138 | 2,928,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amkor Technology | ( AMKR | Quote | Chart | News | PowerRating) |
93 | 22.31 | 1,068,615 | 1,495,000 |
| Applied Materials | ( AMAT | Quote | Chart | News | PowerRating) |
80 | 54.27 | 17,967,722 | 22,169,200 |
| Tenet Healthcare | ( THC | Quote | Chart | News | PowerRating) |
80 | 67.02 | 2,272,340 | 1,789,900 |
| Williams Companies | ( WMB | Quote | Chart | News | PowerRating) |
87 | 23.56 | 3,902,986 | 2,132,600 |
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 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
6 | 37.64 | 13,100,277 | 12,746,400 |
| Tyco International | ( TYC | Quote | Chart | News | PowerRating) |
3 | 32.32 | 15,859,659 | 10,466,400 |
| SBC Communications | ( SBC | Quote | Chart | News | PowerRating) |
17 | 37.44 | 6,011,086 | 9,721,600 |
| AOL Time-Warner | ( AOL | Quote | Chart | News | PowerRating) |
3 | 23.65 | 24,509,563 | 28,457,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
98 | 49.66 | 1,208,732 | 1,511,600 |
| Patterson-UTI Energy | ( PTEN | Quote | Chart | News | PowerRating) |
89 | 29.74 | 1,352,698 | 2,614,900 |
Westwood One |
( WON | Quote | Chart | News | PowerRating) |
80 | 38.35 | 425,666 |
124,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
2 | 37.94 | 2,304,283 | 2,391,100 |
| CSG Systems | ( CSGS | Quote | Chart | News | PowerRating) |
5 | 28.47 | 936,678 | 2,349,200 |
| Taro Pharmaceutical | ( TARO | Quote | Chart | News | PowerRating) |
16 | 28.35 | 603,138 | 2,928,700 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.