Thursday’s Hit List
The Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating)
managed to recapture the 50-day moving average and close in the green, yet
trading was choppy and the index slid lower into the close. The market managed
to shrug off a lower GDP number, but that will probably be revised and how the
market will react is anyone’s guess. The beauty of being a daytrader is that we
can react and trade what we see, rather than predict.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating),
Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Technology
(
$PSE.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) and
Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
Thursday’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 |
| Affymetrix | ( AFFX | Quote | Chart | News | PowerRating) |
99 | 30.05 | 12,679,300 | 8,952,100 |
| PolyCom |
( PLCM | Quote | Chart | News | PowerRating) |
89 | 29.98 | 3,437,281 |
2,790,600 |
| Marvell Technologies |
( MRVL | Quote | Chart | News | PowerRating) |
88 |
24.34 | 1,875,513 | 2,940,900 |
| Maxim Integrated Products |
( MXIM | Quote | Chart | News | PowerRating) |
85 | 45.75 | 6,049,281 | 7,409,700 |
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 |
| VeriSign | ( VRSN | Quote | Chart | News | PowerRating) |
15 | 38.71 | 13,437,650 | 14,969,200 |
Citrix Systems |
( CTXS | Quote | Chart | News | PowerRating) |
13 | 23.40 | 6,912,036 | 4,825,500 |
America Online |
( AOL | Quote | Chart | News | PowerRating) |
13 | 31.10 | 15,235,695 | 13,089,500 |
| Capital One |
( COF | Quote | Chart | News | PowerRating) |
9 | 41.31 | 3,913,590 | 6,177,100 |
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 |
| Genentech | ( DNA | Quote | Chart | News | PowerRating) |
96 | 52.25 | 3,089,545 | 2,916,000 |
| Bear Stearns |
( BSC | Quote | Chart | News | PowerRating) |
80 | 54.00 | 959,763 | 2,805,400 |
Â
Stocks in Slim Jims
At or near high
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| Marvell Technologies |
( MRVL | Quote | Chart | News | PowerRating) |
88 |
24.34 | 1,875,513 | 2,940,900 |
| PolyCom |
( PLCM | Quote | Chart | News | PowerRating) |
89 | 29.98 | 3,437,281 |
2,790,600 |
| Myriad Genetics |
( MYGN | Quote | Chart | News | PowerRating) |
93 | 46.00 | 864,940 | 761,300 |
At or near low
| Company Name |
Symbol |
Relative Strength |
Price | Average Volume |
Today’s Volume |
| VeriSign | ( VRSN | Quote | Chart | News | PowerRating) |
15 | 38.71 | 13,437,650 | 14,969,200 |
| Textron |
( TXT | Quote | Chart | News | PowerRating) |
4 | 31.65 | 763,600 |
887,400 |
| T. Rowe Price |
( TROW | Quote | Chart | News | PowerRating) |
15 | 27.76 | 652,414 | 559,400 |
Best of luck with your trading Thursday. Please
use protective stops on trades.