Thursday’s Top Names
Wednesday’s action in the indices left the daily
charts with a positive close after moving downward for most of the day. The
arrow continues to move up, making higher highs and higher lows. Keep focusing
on the trend, but have a chair ready when the music stops. Note tonight that
there is a
CVR I sell signal to compliment last night’s
CVR III reading, in addition to a
TRIN Thrust signal to the downside. When they start to add up, the change in
direction could be nearing.
Hottest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Oil Service
(
$OSX.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 |
Computer Sciences Corp. |
( CSC | Quote | Chart | News | PowerRating) |
91 | 45.09 | 1,161,277 |
1,167,500 |
| Intel | ( INTC | Quote | Chart | News | PowerRating) |
81 | 31.32 | 53,805,685 | 78,090,400 |
| Jakks Pacific |
( JAKK | Quote | Chart | News | PowerRating) |
83 | 22.99 | 370,417 |
1,265,000 |
| Michael’s Stores | ( MIKE | Quote | Chart | News | PowerRating) |
94 | 59.00 | 449,995 | 910,000 |
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 |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
8 | 57.01 | 719,415 | 833,500 |
| Barnes and Noble | ( BKS | Quote | Chart | News | PowerRating) |
2 | 25.35 | 1,367,442 | 2,285,000 |
Education Management Corp. |
( EDMC | Quote | Chart | News | PowerRating) |
10 | 31.86 | 483,152 |
1,340,200 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
19 | 60.55 | 929,980 | 900,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Macromedia |
( MACR | Quote | Chart | News | PowerRating) |
98 | 25.22 | 1,581,995 |
2,150,400 |
| Juniper Networks | ( JNPR | Quote | Chart | News | PowerRating) |
96 | 25.26 | 32,177,154 | 29,110,900 |
| UTStarcom | ( UTSI | Quote | Chart | News | PowerRating) |
83 | 23.05 | 1,437,318 | 1,774,000 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Jakks Pacific | ( JAKK | Quote | Chart | News | PowerRating) |
83 | 22.99 | 370,417 | 1,265,000 |
Krispy Kreme Doughnuts |
( KKD | Quote | Chart | News | PowerRating) |
85 | 39.99 | 812,197 |
1,805,300 |
| Silicon Valley Bancshares | ( SIVB | Quote | Chart | News | PowerRating) |
90 | 26.97 | 576,528 | 1,029,700 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Citrix Systems | ( CTXS | Quote | Chart | News | PowerRating) |
9 | 20.13 | 6,008,800 | 23,009,700 |
| CYTC Corp. | ( CYTYC | Quote | Chart | News | PowerRating) |
17 | 23.36 | 2,570,208 | 2,470,900 |
| Sylvan Learning Systems | ( SLVN | Quote | Chart | News | PowerRating) |
7 | 19.55 | 419,746 | 1,011,000 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.