Thursday’s Top Names
Wednesday’s action had the
indices pulling back to their 20-day moving averages.
Many times you will see bounces off this MA,
particularly when the indices are in nice uptrends as they are now. I would not
be surprised to see a bounce from here, if not Thursday, then possibly on
Friday.
Hottest Sectors:
The Consumer Index
(
$CMR.X |
Quote |
Chart |
News |
PowerRating) and the Retail
Index
(
$RLX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and High Technology
(
$PSE.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 |
| Best Buy |
( BBY | Quote | Chart | News | PowerRating) |
92 | 26.83 | 5,881,878 |
6,920,700 |
| Cost Plus World Markets | ( CPWM | Quote | Chart | News | PowerRating) |
83 | 34.08 | 309,243 | 210,792 |
Multimedia Gaming |
( MGAM | Quote | Chart | News | PowerRating) |
87 | 28.50 | 298,122 |
801,718 |
| Syncor International | ( SCOR | Quote | Chart | News | PowerRating) |
83 | 29.81 | 713,290 | 5,271,671 |
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 |
| Cerner Corp. | ( CERN | Quote | Chart | News | PowerRating) |
11 | 30.08 | 742,060 | 815,113 |
| Fannie Mae | ( FNM | Quote | Chart | News | PowerRating) |
17 | 64.05 | 5,335,837 | 3,550,900 |
Jefferson Pilot Corp. |
( JP | Quote | Chart | News | PowerRating) |
20 | 37.25 | 554,360 |
534,200 |
| Spinnaker Exploration | ( SKE | Quote | Chart | News | PowerRating) |
15 | 21.49 | 401,643 | 642,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Williams-Sonoma | ( WSM | Quote | Chart | News | PowerRating) |
80 | 27.67 | 1,262,146 | 1,693,800 |
| Pre-Paid Legal | ( PPD | Quote | Chart | News | PowerRating) |
86 | 28.62 | 429,805 | 792,900 |
| Stage Stores |
( STGS | Quote | Chart | News | PowerRating) |
80 | 26.95 | 291,909 |
155,856 |
| Boston Scientific | ( BSX | Quote | Chart | News | PowerRating) |
85 | 43.18 | 2,663,289 | 1,354,500 |
3 Month RS of 20 and lower with volume surge in last hour
None Today
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Coach, Inc. | ( COH | Quote | Chart | News | PowerRating) |
81 | 34.10 | 940,446 | 670,600 |
| Syncor International | ( SCOR | Quote | Chart | News | PowerRating) |
83 | 29.81 | 713,290 | 5,271,671 |
| Sealed Air | ( SEE | Quote | Chart | News | PowerRating) |
99 | 36.24 | 1,506,411 | 1,654,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| CNA Financial | ( CNA | Quote | Chart | News | PowerRating) |
20 | 23.86 | 220,243 | 125,500 |
ProQuest Company |
( PQE | Quote | Chart | News | PowerRating) |
12 | 22.01 | 339,420 |
193,700 |
| Spinnaker Exploration | ( SKE | Quote | Chart | News | PowerRating) |
15 | 21.49 | 401,643 | 642,300 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.