Monday’s Top Names
The indices continue to grind higher with choppy
intraday action benefitting both the long and the short sides for daytraders.
While Friday’s close in the Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) was not
particularly strong, the indices appear to be in a position to challenge to top
of their current trading ranges. Continue to take advantage of opportunities on
both sides as they present themselves
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors: Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
Monday’s stocks to watch:
3 Month
RS of 80 and higher and Close in Top of Range
Â
|
Name
|
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| Affiliated Computer Systems |
( ACS | Quote | Chart | News | PowerRating) |
83 | 91.80 | 781,705 | 334,600 |
| Chubb Corp. |
( CB | Quote | Chart | News | PowerRating) |
85 | 72.52 | 1,150,355 | 1,147,500 |
| Autozone | ( AZO | Quote | Chart | News | PowerRating) |
84 | 60.66 | 1,355,602 | 887,500 |
| XL Capital |
( XL | Quote | Chart | News | PowerRating) |
87 | 92.80 | 1,880,780 | 4,975,300 |
Â
3 Month RS of 20 or lower and close in
bottom of range
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| Calpine | ( CPN | Quote | Chart | News | PowerRating) |
9 | 23.54 | 5,255,331 | 4,160,400 |
| Manor Care, Inc. |
( HCR | Quote | Chart | News | PowerRating) |
10 | 21.95 | 736,582 | 1,120,000 |
| Lennar Corp. |
( LEN | Quote | Chart | News | PowerRating) |
12 | 36.50 | 979,595 | 1,462,400 |
| Mercury Interactive |
( MERQ | Quote | Chart | News | PowerRating) |
8 | 24.29 | 4,162,574 | 4,885,200 |
Â
3 Month RS of 80 and higher with volume
surge in last hour
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| UTStarcom | ( UTSI | Quote | Chart | News | PowerRating) |
96 | 23.95 | 1,058,658 | 1,003,400 |
| SeaChange International |
( SEAC | Quote | Chart | News | PowerRating) |
93 | 27.36 | 570,425 | 376,000 |
| Scios | ( SCIO | Quote | Chart | News | PowerRating) |
93 | 23.61 | 871,000 | 904,100 |
| BISYS Group |
( BSYS | Quote | Chart | News | PowerRating) |
82 | 54.35 | 797,575 | 332,900 |
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Stocks in Slim Jims
At or near high
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| Chubb Corp. |
( CB | Quote | Chart | News | PowerRating) |
85 | 72.52 | 1,150,355 | 1,147,500 |
| Computer Sciences Corp. |
( CSC | Quote | Chart | News | PowerRating) |
84 | 40.08 | 1,084,286 | 5,742,500 |
| Tech Data |
( TECD | Quote | Chart | News | PowerRating) |
86 | 45.74 | 887,978 | 487,700 |
At or near low
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| AOL Time-Warner |
( AOL | Quote | Chart | News | PowerRating) |
13 | 32.01 | 17,807,405 | 13,384,500 |
| Check Point Software |
( CHKP | Quote | Chart | News | PowerRating) |
19 | 30.31 | 9,413,028 | 5,011,200 |
| Exelon Corp. |
( EXC | Quote | Chart | News | PowerRating) |
9 | 41.36 | 1,746,654 | 2,214,500 |
Best of luck with your trading Monday. Please
use protective stops on trades.