Monday’s Top Names
Stocks ended the week in the red after impressive two day moves in the prior sessions.
The markets were trading pretty
much sideways with no major swings Friday. No new bias signals have triggered, so
we will look forward to Monday’s trading session with a neutral bias.
Hottest Sectors:
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) and Biotechnology
(
$BTK.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and
Interactive Internet
(
$IIX.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 |
( ACTN | Quote | Chart | News | PowerRating) |
91 | 40.89 | 386,500 | 562,700 |
| Affymetrix Inc | ( AFFX | Quote | Chart | News | PowerRating) |
96 | 30.05 | 1,661.636 | 3,888,400 |
| Beazer Homes |
( BZH | Quote | Chart | News | PowerRating) |
97 | 83.20 | 325,681 | 498,100 |
| Cognos Inc | ( COGN | Quote | Chart | News | PowerRating) |
91 | 27.26 | 355,772 | 330,500 |
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 |
| Amerisource Bergen | ( ABC | Quote | Chart | News | PowerRating) |
16 | 63.78 | 1,327,409 | 1,261,400 |
| Albany Molecular Research | ( AMRI | Quote | Chart | News | PowerRating) |
15 | 24.10 | 318,590 | 210,200 |
| Cabot Micro Electronics |
( CCMP | Quote | Chart | News | PowerRating) |
20 | 65.12 | 1,149,272 | 640,900 |
| Enzon Inc | ( ENZN | Quote | Chart | News | PowerRating) |
8 | 52.46 | 1,182,818 | 549,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Beazer Homes |
( BZH | Quote | Chart | News | PowerRating) |
97 | 83.20 | 325,681 | 498,100 |
| Nordstrom Inc |
( JWN | Quote | Chart | News | PowerRating) |
95 | 24.98 | 638,363 | 535,800 |
| Kronos Inc | ( KRON | Quote | Chart | News | PowerRating) |
90 | 54.50 | 309,409 | 597,500 |
| Pohang Iron & Steel | ( PKX | Quote | Chart | News | PowerRating) |
92 | 24.33 | 287,818 | 539,500 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cabot Micro Electronics | ( CCMP | Quote | Chart | News | PowerRating) |
20 | 65.12 | 1,149.272 | 641,200 |
| Albany Molecular | ( AMRI | Quote | Chart | News | PowerRating) |
15 | 24.10 | 305,200 | 211,500 |
| JP Morgan Chase & Company | ( JPM | Quote | Chart | News | PowerRating) |
20 | 32.16 | 8,520,409 | 11,533,700 |
| Macrovision Corp | ( MVSN | Quote | Chart | News | PowerRating) |
11 | 29.20 | 917,272 | 842,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| OSI Systems |
( OSIS | Quote | Chart | News | PowerRating) |
96 | 25.34 | 675,318 | 2,724,100 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Enzon Inc | ( ENZN | Quote | Chart | News | PowerRating) |
8 | 52.46 | 1,182,818 | 549,100 |
| Macrovision Corp | ( MVSN | Quote | Chart | News | PowerRating) |
11 | 29.20 | 917,272 | 842,500 |
| National Semiconductor | ( NSM | Quote | Chart | News | PowerRating) |
17 | 27.52 | 2,491,136 | 1,824,000 |
Best of luck with your trading Monday. Please use
protective stops on trades.