Thursday’s Top Names
The Nasdaq 100
(
$NDX.X |
Quote |
Chart |
News |
PowerRating) and the
S&P 500
(
$SPX.X |
Quote |
Chart |
News |
PowerRating) reversed intraday off an area near 50% and 61.8%
retracements of different legs down. These convergences normally lend themselves
to a pause or a correction for a couple of days. We also have CVR II and VI
signals to the downside this evening in conjunction with the Fibonacci levels.
Anticipate, as we are in overbought territory, but don’t plan on it. Often
overbought can become even more so. If the retracement levels do not hold, that
will be a sign in itself.
Hottest Sectors: Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating)
and Transports
(
$TRX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Retail
(
$RLX.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
part of
range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cabot Microelectronics |
( CCMP | Quote | Chart | News | PowerRating) |
91 | 72.732 |
1,570,903 |
1,673,900 |
| Myriad Genetics | ( MYGN | Quote | Chart | News | PowerRating) |
80 | 51.28 | 879,615 | 1,803,900 |
Nabors Industries |
( NBR | Quote | Chart | News | PowerRating) |
88 | 32.20 | 2,517,751 |
2,689,600 |
| WebEx Communications | ( WEBX | Quote | Chart | News | PowerRating) |
90 | 37.14 | 1,402,612 | 2,152,900 |
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 |
| Cigna Corp. | ( CI | Quote | Chart | News | PowerRating) |
17 | 80.10 | 1,014,163 | 1,608,000 |
| Dynergy Corp. | ( DYN | Quote | Chart | News | PowerRating) |
6 | 33.00 | 2,088,945 | 6,630,100 |
Express Scripts |
( ESRX | Quote | Chart | News | PowerRating) |
6 | 39.65 | 1,995,885 |
4,286,500 |
| Western Wireless | ( WWCA | Quote | Chart | News | PowerRating) |
12 | 28.00 | 934,089 | 1,273,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Guidant |
( GDT | Quote | Chart | News | PowerRating) |
91 | 43.77 | 2,219,409 |
2,082,900 |
| International Business Machines | ( IBM | Quote | Chart | News | PowerRating) |
80 | 113.85 | 16,159,904 | 11,605,200 |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
92 | 23.85 | 2,243,054 | 1,597,700 |
| Darden Restaurants | ( DRI | Quote | Chart | News | PowerRating) |
82 | 32.00 | 743,718 | 354,200 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BJ Services | ( BJS | Quote | Chart | News | PowerRating) |
88 | 25.50 | 2,904,755 | 3,086,700 |
| Deluxe | ( DLX | Quote | Chart | News | PowerRating) |
81 | 37.13 | 349,746 | 403,100 |
| TOO Inc | ( TOO | Quote | Chart | News | PowerRating) |
90 | 28.15 | 325,303 | 305,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Lamar Advertising | ( LAMR | Quote | Chart | News | PowerRating) |
16 | 34.34 | 919,506 | 1,959,600 |
| Providence Healthcare | ( PRHC | Quote | Chart | News | PowerRating) |
9 | 26.88 | 863,363 | 769,300 |
| SBC Communications | ( SBC | Quote | Chart | News | PowerRating) |
17 | 38.04 | 7,284,262 | 6,843,000 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.