Monday’s Top Names
Despite three red arrows from the Market Bias
Indicators on Thursday night, the market managed to post a positive close after
appearing weak. The Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) closed fairly
well and is now solidly above the 50-day moving average. More and signs are
pointing to the economy under its way to recovery, and the ability to shake off
bad news is encouraging. However, stay nimble and take trades as they come,
whichever direction they may be.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Index
(
$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
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Agilent Technologies | ( A | Quote | Chart | News | PowerRating) |
95 | 36.09 | 2,402,454 | 3,643,800 |
| Cognos | ( COGN | Quote | Chart | News | PowerRating) |
96 | 30.17 | 478,449 | 593,900 |
Expedia.com |
( EXPE | Quote | Chart | News | PowerRating) |
97 | 62.51 | 743,822 |
1,476,500 |
| Novellus | ( NVLS | Quote | Chart | News | PowerRating) |
93 | 53.97 | 7,436,315 | 2,656,900 |
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 | 38.65 | 2,179,637 | 5,170,300 |
| ICN Pharmaceuticals | ( ICN | Quote | Chart | News | PowerRating) |
14 | 28.20 | 911,662 | 947,800 |
Intermune |
( ITMN | Quote | Chart | News | PowerRating) |
4 | 35.49 | 1,130,835 |
3,457,500 |
| Polycom | ( PLCM | Quote | Chart | News | PowerRating) |
5 | 26.74 | 3,252,505 | 4,697,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Expedia.com |
( EXPE | Quote | Chart | News | PowerRating) |
97 | 62.51 | 743,822 |
1,476,500 |
| Royal Caribbean Cruises | ( RCL | Quote | Chart | News | PowerRating) |
90 | 22.04 | 835,661 | 2,632,300 |
| Agilent Technologies | ( A | Quote | Chart | News | PowerRating) |
95 | 36.09 | 2,402,454 | 3,643,800 |
| Travelocity.com | ( TVLY | Quote | Chart | News | PowerRating) |
97 | 26.62 | 1,097,809 | 780,700 |
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 | 38.65 | 2,179,637 | 5,170,300 |
| Intuit Corp. | ( INTU | Quote | Chart | News | PowerRating) |
11 | 36.86 | 3,260,757 | 5,632,000 |
| ICN Pharmaceuticals | ( ICN | Quote | Chart | News | PowerRating) |
14 | 28.20 | 911,662 | 947,800 |
| CV Therapeutics | ( CVTX | Quote | Chart | News | PowerRating) |
4 | 39.54 | 787,709 | 879,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Molex | ( MOLX | Quote | Chart | News | PowerRating) |
87 | 36.33 | 720,048 | 1,249,900 |
| Rent-a-Center | ( RCII | Quote | Chart | News | PowerRating) |
93 | 48.05 | 278,115 | 911,900 |
| WebMethods | ( WEBM | Quote | Chart | News | PowerRating) |
92 | 22.94 | 1,318,883 | 903,700 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| First Horizon Pharmaceuticals | ( FHRX | Quote | Chart | News | PowerRating) |
5 | 21.08 | 429,105 | 538,600 |
| Polycom | ( PLCM | Quote | Chart | News | PowerRating) |
5 | 26.74 | 3,252,505 | 4,697,200 |
Vivendi Universal |
( V | Quote | Chart | News | PowerRating) |
8 | 41.38 | 335,009 |
313,400 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.