Monday’s Top Names
The
markets ended the week mixed as it digested a plethora of earnings.
Next week the FOMC meets, and the odds of a rate cut decreased after
Chairman Alan Greenspan’s testimony earlier this week. We have no new
bias going into Monday’s session.
Hottest Sectors: Oil
Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) and Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating)
and Pharmaceutical
(
$DRG.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 |
| Alliance Gaming |
( ALLY | Quote | Chart | News | PowerRating) |
97 | 32.28 | 494,090 | 708,100 |
| Business Objects |
( BOBJ | Quote | Chart | News | PowerRating) |
92 | 39.20 | 587,772 | 419,700 |
| Beazer Homes |
( BZH | Quote | Chart | News | PowerRating) |
90 | 80.53 | 292,545 | 471,800 |
| Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
97 | 56.17 | 2,738,272 | 3,971,800 |
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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 |
| Abgenix Inc |
( ABGX | Quote | Chart | News | PowerRating) |
4 | 24.91 | 1,530,681 | 647,900 |
| ADRX Corp |
( ADRX | Quote | Chart | News | PowerRating) |
7 | 61.07 | 1,323,954 | 1,993,200 |
| CYTYC Corp |
( CYTC | Quote | Chart | News | PowerRating) |
6 | 22.79 | 2,165,909 | 1,835,900 |
| SBC Communications |
( SBC | Quote | Chart | News | PowerRating) |
6 | 35.52 | 6,584,136 | 7,602,900 |
3
Month RS of 80 and higher with volume surge in last hour
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Continental Airlines |
( CAL | Quote | Chart | News | PowerRating) |
96 | 30.29 | 1,372,818 | 730,900 |
| Integrated Circuit Systems |
( ICST | Quote | Chart | News | PowerRating) |
93 | 24.95 | 1,333,545 | 1,865,300 |
| Micron Technology |
( MU | Quote | Chart | News | PowerRating) |
91 | 32.50 | 7,537,363 | 4,162,100 |
| Alliance Gaming |
( ALLY | Quote | Chart | News | PowerRating) |
97 | 32.28 | 494,090 | 708,100 |
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3
Month RS of 20 and lower with volume surge in last hour
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Copart Inc |
( CPRT | Quote | Chart | News | PowerRating) |
15 | 22.14 | 662,136 | 376,300 |
| Dynegy Inc |
( DYN | Quote | Chart | News | PowerRating) |
1 | 25.06 | 6,689,454 | 2,078,800 |
| Minnesota Mining & Manufacturing |
( MMM | Quote | Chart | News | PowerRating) |
19 | 111.23 | 1,855,363 | 2,362,800 |
| ICOS Corp. |
( ICOS | Quote | Chart | News | PowerRating) |
3 | 46.96 | 1,148,500 | 1,183,000 |
Stocks
in Slim Jims
High RS at
or near high
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| WebSense Inc |
( WBSN | Quote | Chart | News | PowerRating) |
93 | 29.10 | 513,681 | 205,100 |
| Alliance Gaming |
( ALLY | Quote | Chart | News | PowerRating) |
97 | 32.28 | 494,090 | 708,100 |
Low RS at
or near low
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| ICOS Corp. |
( ICOS | Quote | Chart | News | PowerRating) |
3 | 46.96 | 1,148,500 | 1,183,000 |
| SBC Communications |
( SBC | Quote | Chart | News | PowerRating) |
6 | 35.52 | 6,584,136 | 7,602,900 |
Best of luck with your
trading Monday. Please use protective stops on trades.
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