Thursday’s Hit List…

  • October 17, 2001
  • TradingMarkets Editors

The indices pulled back today to close at their lows, all leaving wide-range
engulfing daily bars. The weak close leaves a bearish bias to the
overall market. The Nasdaq 100 bounced to the downside off its 50-day moving
average, and volume was heavy.

In sector action, the Semiconductor Index
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and the Biotech
Index
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) were the big losers, while the Japan Index
(
$JPN.X |
Quote |
Chart |
News |
PowerRating)
and the Gold and Silver Index
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) were up slightly.

Thursday’s stocks to watch:

3 Month RS of 80 and higher and Close
in Top of Range





Company
Name		 Symbol
 Relative
Strength
 Price Average
Volume
 Today’s
Volume
Raytheon RTN 83 35.00 2,515,991 4,382,900
Alpharma
 ALO 84 44.30 9,496,285
 11,874,600
Copart
 CPRT 94
 31.95 539,245 861,500
Michael’s
Store		 MIKE 80 33.72 376,675 402,700





















3 Month RS of 20 or lower and close in bottom of range





Company
Name		 Symbol
 Relative
Strength
 Price Average
Volume
 Today’s
Volume
Macrovision MVSN 9 22.94 4,770,986 11,052,600
Micron
Technology
 MU 13
 20.66 9,976,254 8,687,000
America
Online
 AOL 11 30.81 32,647,540 39,154,300

3 Month RS of 80 and higher with
volume surge in last hour





Company
Name		 Symbol
 Relative
Strength
 Price Average
Volume
 Today’s
Volume
Texas
Instruments		 TXN 95 29.91 16.168,654 17,595,300
SAP
Aktnglsft
 SAP 90 26.56 1,027,622 1,838,400
Action
Performance
 ACTN 93 23.51 552,377 311,100
HNC
Software		 HNCS 86 20.44 570,286 645,286

Stocks in Slim Jims

At or near high





Company
Name		 Symbol
 Relative
Strength
 Price Average
Volume
 Today’s
Volume
Copart CPRT 94 31.95 539,245 861,500
Michael’s
Stores
 MIKE
 80
 33.72 376,675 402,700
Perkin
Elmer
 PKI
 94
 94.83 821,382 1,331,000

 

At or near low





Company
Name		 Symbol
 Relative
Strength
 Price Average
Volume
 Today’s
Volume
Abercrombie
& Fitch		 ANF 26 20.17 2,337,545 1,497,800
Herman
Miller
 MLHR 22 21.53 375,975 173,300
MGIC
Investment
 MTG
 30 54.86 850,386 1,332,200

Best of luck with your trading Thursday.
Please use protective stops on trades.