Monday’s Top Names
Two
CVR buy signals on the Market Bias indicators from
Thursday are still in effect. Combine this with a last-hour rally and
some momentum may just carry over into Monday’s trading session. Volatility was
here (which we love as daytraders!) to both sides, so if it comes both ways,
take it. Just remember to use stops and trade in the direction the market is
going.
Hottest Sectors:
Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Mexico Index
(
$MXY.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 |
Action Performance Companies |
( ACTN | Quote | Chart | News | PowerRating) |
98 | 38.02 | 418,715 |
1,153,800 |
| Expeditors International | ( EXPD | Quote | Chart | News | PowerRating) |
80 | 58.43 | 419,098 | 418,500 |
Expedia |
( EXPE | Quote | Chart | News | PowerRating) |
98 | 47.42 | 683,580 |
1,542,400 |
| IGEN International | ( IGEN | Quote | Chart | News | PowerRating) |
81 | 39.30 | 507,800 | 906,400 |
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 |
| Optimal Robotics | ( OPMR | Quote | Chart | News | PowerRating) |
6 | 23.75 | 618,631 | 1,660,000 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
8 | 37.24 | 14,278,997 | 56,667,200 |
Transkaryotic Therapies |
( TKTX | Quote | Chart | News | PowerRating) |
4 | 32.33 | 542,871 |
576,000 |
| UTStarcom | ( UTSI | Quote | Chart | News | PowerRating) |
19 | 22.05 | 2,013,171 | 1,599,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| IGEN International | ( IGEN | Quote | Chart | News | PowerRating) |
81 | 39.30 | 507,800 | 906,400 |
| TicketMaster | ( TMCS | Quote | Chart | News | PowerRating) |
98 | 22.03 | 1,569,728 | 1,151,700 |
| Internet Security Systems | ( ISSX | Quote | Chart | News | PowerRating) |
87 | 34.82 | 2,876,909 | 2,191,300 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Optimal Robotics | ( OPMR | Quote | Chart | News | PowerRating) |
6 | 23.75 | 618,631 | 1,660,000 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
8 | 49.00 | 1,681,033 | 4,527,000 |
Kroger Company |
( KR | Quote | Chart | News | PowerRating) |
14 | 20.57 | 5,061,747 |
2,472,200 |
| Albertson’s | ( ABS | Quote | Chart | News | PowerRating) |
12 | 28.92 | 1,344,804 | 1,025,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cost Plus World Markets | ( CPWM | Quote | Chart | News | PowerRating) |
84 | 26.10 | 293,646 | 110,900 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
85 | 55.63 | 9,097,440 | 13,403,400 |
| Siebel Systems | ( SEBL | Quote | Chart | News | PowerRating) |
98 | 34.11 | 18,901,918 | 15,820,100 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Intersil Corp. | ( ISIL | Quote | Chart | News | PowerRating) |
9 | 26.32 | 3,347,134 | 3,298,500 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
8 | 37.24 | 14,278,997 | 56,667,200 |
| UTStarcom | ( UTSI | Quote | Chart | News | PowerRating) |
19 | 22.05 | 2,013,171 | 1,599,900 |
Best of luck with your trading Monday. Please use
protective stops on trades.