Monday’s Top Names
Friday’s powerful reversal and
strong close should spill over to Monday’s session, at least in the early part
of trading. The Dow Industrials
(
$INDU |
Quote |
Chart |
News |
PowerRating)
are at their highest levels since September and the Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating)
appears to have put in a 1-2-3 bottom on the daily. Therefore, we will lean to
the long side, but be aware of the shorts in the event of yet another market
reversal.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.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 |
| Autodesk | ( ADSK | Quote | Chart | News | PowerRating) |
87 | 46.35 | 811,808 | 1,738,900 |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
97 | 40.09 | 921,548 | 1,562,100 |
| SPX Corp. |
( SPW | Quote | Chart | News | PowerRating) |
85 | 133.55 | 761,935 |
985,000 |
| Stericycle | ( SRCL | Quote | Chart | News | PowerRating) |
87 | 65.57 | 328,818 | 299,600 |
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 |
| Black Box | ( BBOX | Quote | Chart | News | PowerRating) |
14 | 46.64 | 429,042 | 520,300 |
| Community Health Systems | ( CYH | Quote | Chart | News | PowerRating) |
16 | 21.05 | 402,922 | 753,900 |
Amdocs |
( DOX | Quote | Chart | News | PowerRating) |
10 | 26.25 | 2,005,775 |
7,452,800 |
| King Pharmaceuticals | ( KG | Quote | Chart | News | PowerRating) |
7 | 29.30 | 1,625,317 | 4,058,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Delta Airlines | ( DAL | Quote | Chart | News | PowerRating) |
90 | 36.16 | 1,233,623 | 1,269,700 |
| Hispanic Broadcasting | ( HSP | Quote | Chart | News | PowerRating) |
88 | 27.30 | 428,366 | 353,400 |
| Pacific Sunwear | ( PSUN | Quote | Chart | News | PowerRating) |
95 | 25.24 | 751,604 | 1,056,500 |
| Sabre Holdings | ( TSG | Quote | Chart | News | PowerRating) |
80 | 45.30 | 885,380 | 675,300 |
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 |
Amdocs |
( DOX | Quote | Chart | News | PowerRating) |
10 | 26.25 | 2,005,775 |
7,452,800 |
| Community Health Systems | ( CYH | Quote | Chart | News | PowerRating) |
16 | 21.05 | 402,922 | 753,900 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
5 | 33.79 | 669,780 | 716,300 |
| Charles River Labs | ( CRL | Quote | Chart | News | PowerRating) |
17 | 28.60 | 362,933 | 506,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Navistar | ( NAV | Quote | Chart | News | PowerRating) |
81 | 44.06 | 478,625 | 718,900 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
96 | 91.40 | 442,551 | 413,300 |
| Teradyne | ( TER | Quote | Chart | News | PowerRating) |
90 | 37.55 | 2,685,603 | 4,533,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Amdocs |
( DOX | Quote | Chart | News | PowerRating) |
10 | 26.25 | 2,005,775 |
7,452,800 |
| Perkin Elmer | [PKI|PKI} | 7 | 15.75 | 875,635 | 6,126,600 |
| Priority Healthcare | ( PRHC | Quote | Chart | News | PowerRating) |
13 | 27.28 | 657,314 | 1,061,000 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.