Monday’s Top Names
The close in the upper half of
the range again points to more potential to the upside.
The fact that the semiconductors got into the act
was another positive. The long setups continue to look better (and more
abundant) than the short side does. Keep going that way until the market tells
you sellers are winning the battle.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating)
and Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating).
Monday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Affiliated Computer Services | ( ACS | Quote | Chart | News | PowerRating) |
82 | 48.71 | 1,396,849 | 828,900 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
96 | 67.75 | 571,108 | 491,600 |
General Growth Properties |
( GGP | Quote | Chart | News | PowerRating) |
82 | 49.74 | 283,522 |
279,100 |
| H&R Block | ( HRB | Quote | Chart | News | PowerRating) |
90 | 50.70 | 1,256,478 | 1,866,700 |
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 |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
16 | 22.70 | 1,002,448 | 479,000 |
| Baker Hughes | ( BHI | Quote | Chart | News | PowerRating) |
19 | 29.44 | 2,469,158 | 3,487,100 |
Cerner Corp. |
( CERN | Quote | Chart | News | PowerRating) |
13 | 37.00 | 703,101 |
592,077 |
| TransOcean Sedco | ( RIG | Quote | Chart | News | PowerRating) |
19 | 25.12 | 2,741,625 | 3,017,800 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| First Data Corp. | ( FDC | Quote | Chart | News | PowerRating) |
97 | 37.35 | 3,341,156 | 2,319,700 |
| Ocean Energy Inc. | ( OEI | Quote | Chart | News | PowerRating) |
80 | 22.05 | 909,828 | 1,391,300 |
| The PMI Group |
( PMI | Quote | Chart | News | PowerRating) |
99 | 34.12 | 528,533 |
943,300 |
| Key Corp. | ( KEY | Quote | Chart | News | PowerRating) |
83 | 26.74 | 1,550,537 | 1,245,800 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| St. Paul Companies | ( SPC | Quote | Chart | News | PowerRating) |
20 | 30.81 | 2,262,645 | 1,684,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Overture Services | ( OVER | Quote | Chart | News | PowerRating) |
93 | 22.90 | 1,541,484 | 1,305,104 |
| United Surgical Partners | ( USPI | Quote | Chart | News | PowerRating) |
87 | 29.95 | 367,428 | 428,077 |
| Varian, Inc. | ( VARI | Quote | Chart | News | PowerRating) |
95 | 35.00 | 426,960 | 396,405 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Navistar | ( NAV | Quote | Chart | News | PowerRating) |
15 | 22.94 | 588,415 | 1,667,500 |
| TransOcean Sedco | ( RIG | Quote | Chart | News | PowerRating) |
19 | 25.12 | 2,741,625 | 3,017,800 |
| Shaw Group | ( SGR | Quote | Chart | News | PowerRating) |
1 | 14.99 | 906,657 | 737,900 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.