Monday’s Top Names
The Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating)
appears to be in a vulnerable spot, while the Dow
(
$INDU |
Quote |
Chart |
News |
PowerRating) is holding up.
It appears we are getting somewhat of a bifurcated
market and the indices look as if they want to move in different directions.
Without multiple Market Bias signals stacking up, continue to trade the
strongest issues long and go short with the weakest ones, in the direction the
market wishes to move.
Hottest Sectors:
Cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating) and Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.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
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Americredit | ( ACF | Quote | Chart | News | PowerRating) |
95 | 42.13 | 2,710,775 | 4,676,600 |
| Getty Images | ( GETY | Quote | Chart | News | PowerRating) |
93 | 34.68 | 473,398 | 3,779,100 |
| PF Chang’s |
( PFCB | Quote | Chart | News | PowerRating) |
91 | 69.24 | 353,886 |
416,700 |
| Wet Seal | ( WTSLA | Quote | Chart | News | PowerRating) |
90 | 36.60 | 340,451 | 255,400 |
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 | 37.05 | 2,371,286 | 726,400 |
| Biotech Holders ETF | ( BBH | Quote | Chart | News | PowerRating) |
16 | 111.51 | 1,331,345 | 1,747,400 |
Broadcom |
( BRCM | Quote | Chart | News | PowerRating) |
5 | 32.60 | 15,100,825 |
11,837,800 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
10 | 61.99 | 1,283,378 | 1,252,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| SangStat Medical | ( SANG | Quote | Chart | News | PowerRating) |
90 | 26.70 | 403,209 | 318,400 |
| PF Chang’s | ( PFCB | Quote | Chart | News | PowerRating) |
91 | 69.24 | 353,886 | 416,700 |
| Ticketmaster | ( TMCS | Quote | Chart | News | PowerRating) |
97 | 27.51 | 770,504 | 469,900 |
| Eastman Chemical | ( EMN | Quote | Chart | News | PowerRating) |
83 | 47.55 | 616,995 | 412,400 |
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 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
2 | 37.05 | 2,371,286 | 726,400 |
| Applied Biosystems | ( ABI | Quote | Chart | News | PowerRating) |
3 | 20.60 | 1,058,866 | 1,353,700 |
| Arrow Electronics | ( ARW | Quote | Chart | News | PowerRating) |
14 | 27.57 | 770,504 | 469,900 |
| Medtronic, Inc. | ( MDT | Quote | Chart | News | PowerRating) |
15 | 44.00 | 3,971,942 | 2,953,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
88 | 61.92 | 768,863 | 803,200 |
| ITT Industries | ( ITT | Quote | Chart | News | PowerRating) |
85 | 64.82 | 431,294 | 381,200 |
| Oxford Health | ( OHP | Quote | Chart | News | PowerRating) |
93 | 41.37 | 980,862 | 484,600 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Myriad Genetics | ( MYGN | Quote | Chart | News | PowerRating) |
3 | 30.01 | 1,077,060 | 521,400 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
5 | 27.89 | 673,931 | 313,400 |
| Watson Pharmaceuticals | ( WPI | Quote | Chart | News | PowerRating) |
9 | 24.20 | 827,532 | 2,983,300 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.