Thursday’s Top Names
The indices’ afternoon rally
was nice, but the break of support is a little concerning.
It still looks like we are going to test the August
lows. Look at the short candidates primarily, then play some longs if they come
to mark them up or we get some two-way volatility.
Hottest Sectors: Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) and
Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.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
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Biosite, Inc. | ( BSTE | Quote | Chart | News | PowerRating) |
98 | 30.50 | 394,145 | 703,900 |
| Cima Labs | ( CIMA | Quote | Chart | News | PowerRating) |
83 | 23.85 | 200,303 | 131,100 |
Forest Labs |
( FRX | Quote | Chart | News | PowerRating) |
93 | 78.94 | 1,795,909 |
1,249,200 |
| L-3 Communications | ( LLL | Quote | Chart | News | PowerRating) |
91 | 55.45 | 2,034,186 | 1,665,300 |
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 |
| Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
10 | 24.00 | 5,889,725 | 6,661,300 |
| Pepsico | ( PEP | Quote | Chart | News | PowerRating) |
19 | 38.05 | 6,997,252 | 6,932,000 |
Photon Dynamics |
( PHTN | Quote | Chart | News | PowerRating) |
13 | 20.64 | 731,101 |
842,300 |
| Molex | ( MOLX | Quote | Chart | News | PowerRating) |
16 | 24.93 | 1,918,387 | 1,451,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pharmaceutical Resources | ( PRX | Quote | Chart | News | PowerRating) |
80 | 28.35 | 316,542 | 404,200 |
| Pacific Sunwear | ( PSUN | Quote | Chart | News | PowerRating) |
96 | 23.50 | 990,753 | 2,021,500 |
| Chiron | ( CHIR | Quote | Chart | News | PowerRating) |
83 | 38.27 | 2,751,575 | 2,509,600 |
| Education Management Co. | ( EDMC | Quote | Chart | News | PowerRating) |
83 | 42.61 | 351,851 | 380,400 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Boise Cascade | ( BCC | Quote | Chart | News | PowerRating) |
20 | 24.55 | 572,605 | 443,200 |
| SBC Communications | ( SBC | Quote | Chart | News | PowerRating) |
19 | 24.17 | 9,100,091 | 4,563,900 |
| Pepsico | ( PEP | Quote | Chart | News | PowerRating) |
19 | 38.05 | 6,997,252 | 6,932,000 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
97 | 24.55 | 572,605 | 443,200 |
| Potash Corp. | ( POT | Quote | Chart | News | PowerRating) |
80 | 62.17 | 225,966 | 306,000 |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
87 | 48.20 | 796,361 | 692,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Greater Bay Bancorp | ( GBBK | Quote | Chart | News | PowerRating) |
15 | 19.66 | 1,143,828 | 4,461,800 |
| NCR Corp. | ( NCR | Quote | Chart | News | PowerRating) |
20 | 24.43 | 852,980 | 1,047,200 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.