Monday’s Top Names
Friday’s action reversed
Thursday’s downside reversal.
This usually is a bullish indication and a
signal of a potential shake-out. I like the fact that it happened on a Friday,
indicating participants were willing to take positions home. Remember to always
have both sides of the market covered, however, just in case it does not play
out as expected.
Hottest Sectors: Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) and
Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating)
and Airlines
(
$XAL.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 |
Amerada Hess |
( AHC | Quote | Chart | News | PowerRating) |
89 | 68.87 | 679,229 |
921,000 |
| Danaher | ( DHR | Quote | Chart | News | PowerRating) |
80 | 69.50 | 1,150,388 | 1,966,000 |
InVision Technologies |
( INVN | Quote | Chart | News | PowerRating) |
99 | 39.40 | 3,165,232 |
1,748,800 |
| Illinois Tool Works | ( ITW | Quote | Chart | News | PowerRating) |
81 | 75.70 | 1,079,409 | 2,199,800 |
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 |
| Cima Labs | ( CIMA | Quote | Chart | News | PowerRating) |
5 | 19.60 | 390,709 | 3,155,700 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
19 | 49.92 | 9,851,105 | 21,547,100 |
Riverdeep Group |
( RVDP | Quote | Chart | News | PowerRating) |
20 | 18.56 | 304,369 |
370,500 |
| Serena Software | ( SRNA | Quote | Chart | News | PowerRating) |
15 | 19.55 | 475,829 | 1,385,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Danaher | ( DHR | Quote | Chart | News | PowerRating) |
80 | 69.50 | 1,150,388 | 1,966,000 |
| Kellogg’s | ( K | Quote | Chart | News | PowerRating) |
86 | 34.80 | 1,599,442 | 1,614,500 |
| T. Rowe Price | ( TROW | Quote | Chart | News | PowerRating) |
82 | 37.77 | 624,657 | 636,000 |
| GreenPoint Financial | ( GPT | Quote | Chart | News | PowerRating) |
80 | 42.99 | 507,833 | 347,300 |
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 |
| Celgene | ( CELG | Quote | Chart | News | PowerRating) |
14 | 25.97 | 1,504,995 | 861,500 |
| CableVision Systems | ( CVC | Quote | Chart | News | PowerRating) |
13 | 32.40 | 2,272,195 | 1,039,200 |
| PerkinElmer | ( PKI | Quote | Chart | News | PowerRating) |
8 | 23.63 | 896,319 | 595,800 |
| Elantec Semiconductor | ( ELNT | Quote | Chart | News | PowerRating) |
20 | 33.33 | 448,061 | 644,500 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Danaher | ( DHR | Quote | Chart | News | PowerRating) |
80 | 69.50 | 1,150,388 | 1,966,000 |
| Patterson Energy | ( PTEN | Quote | Chart | News | PowerRating) |
91 | 23.29 | 1,478,257 | 1,420,400 |
| Constellation Brands | ( STZ | Quote | Chart | News | PowerRating) |
87 | 25.79 | 658,528 | 349,700 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Allergan | ( AGN | Quote | Chart | News | PowerRating) |
16 | 63.50 | 1,013,557 | 2,456,000 |
| Celestica | ( CLS | Quote | Chart | News | PowerRating) |
6 | 32.64 | 2,383,485 | 3,288,400 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.