Thursday’s Top Names
Wednesday’s strong trend day and close at first
glance appears bullish, and may prove to be. However, the price action leaves
the indices in Turtle Soup sell patterns. Be cautious until you see follow
through to the upside, or a trigger on the Turtle Soup signals. Just because
everyone is hailing the arrival of the the new bull does not make it so.
Hottest Sectors:
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and Computer
Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating) and
Drugs
(
$DRG.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 |
Aviron |
( AVIR | Quote | Chart | News | PowerRating) |
93 | 48.77 | 850,257 |
3,207,200 |
Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
95 | 49.49 | 15,185,763 | 20,895,700 |
Check Point Software |
( CHKP | Quote | Chart | News | PowerRating) |
82 | 42.02 | 10,188,322 |
13,304,100 |
McAfee.com | ( MCAF | Quote | Chart | News | PowerRating) |
97 | 30.26 | 421,305 | 1,497,200 |
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 |
AdvancePCS | ( ADVP | Quote | Chart | News | PowerRating) |
2 | 26.79 | 1,501,095 | 4,821,800 |
Cardinal Health | ( CAH | Quote | Chart | News | PowerRating) |
20 | 67.52 | 2,382,363 | 1,625,000 |
Dime Bancorp |
( DME | Quote | Chart | News | PowerRating) |
17 | 34.00 | 690,117 |
760,300 |
Manor Care | ( HCR | Quote | Chart | News | PowerRating) |
9 | 21.90 | 811,423 | 1,394,300 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Scientific-Atlanta | ( SFA | Quote | Chart | News | PowerRating) |
91 | 30.60 | 1,832,942 | 3,593,600 |
Convergys | ( CVG | Quote | Chart | News | PowerRating) |
80 | 38.36 | 663,252 | 1,288,700 |
Sepracor |
( SEPR | Quote | Chart | News | PowerRating) |
80 | 51.94 | 1,876,133 |
3,684,200 |
Applied Biosystems | ( ABI | Quote | Chart | News | PowerRating) |
85 | 32.86 | 1,080,542 | 1,620,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
FLIR Systems | ( FLIR | Quote | Chart | News | PowerRating) |
88 | 47.32 | 387,197 | 277,400 |
McAfee.com | ( MCAF | Quote | Chart | News | PowerRating) |
97 | 30.26 | 421,305 | 1,497,200 |
Silicon Labs | ( SLAB | Quote | Chart | News | PowerRating) |
89 | 31.66 | 507,625 | 1,266,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Becton Dickson | ( BDX | Quote | Chart | News | PowerRating) |
7 | 33.71 | 1,023,154 | 759,600 |
AmeriPath |
( PATH | Quote | Chart | News | PowerRating) |
14 | 30.00 | 338,895 |
277,800 |
Waste Connections | ( WCNX | Quote | Chart | News | PowerRating) |
16 | 29.10 | 363,632 | 362,400 |
Â
Best of luck with your trading Thursday. Please
use protective stops on trades.