Thursday’s Top Names
The indices are holding up fairly well in spite
of the recent bombs dropped by Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) and American Express
(
AXP |
Quote |
Chart |
News |
PowerRating).
The Nasdaq Composite
(
$COMPQ |
Quote |
Chart |
News |
PowerRating) bounced off the bottom of its
trend channel and left a bullish tail on today’s bar, with similar action in the
Dow and S&P. This, in addition to a
CVR I buy signal and a
Momentum Index arrow up on the
Market Bias Indicators page, leaves a bias to the upside for Thursday, but
remember to take it as it comes.
Hottest Sectors:
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and Computer
Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.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 |
Centex Corp. |
( CTX | Quote | Chart | News | PowerRating) |
82 | 54.60 | 823,561 |
1,463,200 |
Genesis Microchip | ( GNSS | Quote | Chart | News | PowerRating) |
97 | 67.50 | 2,478,322 | 2,528,000 |
InVision Technologies |
( INVN | Quote | Chart | News | PowerRating) |
99 | 38.65 | 2,226,617 |
6,495,000 |
Maxim Integrated Products | ( MXIM | Quote | Chart | News | PowerRating) |
88 | 59.79 | 6,426,549 | 4,408,300 |
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 |
American Eagle Outfitters | ( AEOS | Quote | Chart | News | PowerRating) |
11 | 24.04 | 2,259,014 | 2,420,400 |
Bristol-Myers Squibb | ( BMY | Quote | Chart | News | PowerRating) |
20 | 50.45 | 5,886,654 | 16,165,400 |
Human Genome Sciences |
( HGSI | Quote | Chart | News | PowerRating) |
2 | 32.16 | 3,296,422 |
3,582,200 |
Lincare Holdings | ( LNCR | Quote | Chart | News | PowerRating) |
18 | 25.81 | 1,222,737 | 1,192,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
McData | ( MCDT | Quote | Chart | News | PowerRating) |
99 | 27.45 | 1,937,171 | 1,907,800 |
Intel Corp. | ( INTC | Quote | Chart | News | PowerRating) |
84 | 34.08 | 53,948,261 | 53,646,700 |
Autozone |
( AZO | Quote | Chart | News | PowerRating) |
92 | 73.20 | 947,747 |
1,289,500 |
UTStarcom | ( UTSI | Quote | Chart | News | PowerRating) |
97 | 29.05 | 1,991,866 | 2,135,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Agilent Technologies | ( A | Quote | Chart | News | PowerRating) |
85 | 30.71 | 2,549,212 | 3,600,900 |
Check Free Holdings |
( CKFR | Quote | Chart | News | PowerRating) |
89 | 21.10 | 981,232 |
872,200 |
Centex Corp. | ( CTX | Quote | Chart | News | PowerRating) |
82 | 54.60 | 823,561 | 1,463,200 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
American Eagle Outfitters | ( AEOS | Quote | Chart | News | PowerRating) |
11 | 24.04 | 2,259,014 | 2,420,400 |
Bristol-Myers Squibb | ( BMY | Quote | Chart | News | PowerRating) |
20 | 50.45 | 5,886,654 | 16,165,400 |
PPG Industries | ( PPG | Quote | Chart | News | PowerRating) |
19 | 51.26 | 710,525 | 736,200 |
Best of luck with your trading Thursday. Please use
protective stops on trades.