Thursday’s Top Names
The indices closing strongly
in the wake of the Turk’s surprise rally combined with a new CVR III sell signal
give us conflicting signs.
Price however, rules, and until it shows me
different, I will abide by it. Stick to the long side first, and short the weak
stocks if need be. The short setups are not plentiful or particularly prime.
Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and
Gold and Silver
(
$XAU.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 |
| Apollo Group | ( APOL | Quote | Chart | News | PowerRating) |
94 | 39.07 | 2,556,031 | 1,924,700 |
| Colgate Palmolive | ( CL | Quote | Chart | News | PowerRating) |
87 | 54.42 | 2,525,538 | 1,414,400 |
Gilead Sciences |
( GILD | Quote | Chart | News | PowerRating) |
83 | 35.42 | 4,628,992 |
4,498,700 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
99 | 40.75 | 675,267 | 568,600 |
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 |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
16 | 22.90 | 1,015,851 | 608,700 |
| Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
1 | 23.03 | 5,176,942 | 7,357,100 |
Petroleo Brasileiro |
( PBR | Quote | Chart | News | PowerRating) |
16 | 13.93 | 1,401,920 |
1,238,100 |
| Tuesday Morning | ( TUES | Quote | Chart | News | PowerRating) |
12 | 15.37 | 363,634 | 183,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Biomet | ( BMET | Quote | Chart | News | PowerRating) |
91 | 29.10 | 2,406,459 | 2,767,200 |
| Gilead Sciences | ( GILD | Quote | Chart | News | PowerRating) |
83 | 35.42 | 4,628,992 | 4,507,500 |
Chiron |
( CHIR | Quote | Chart | News | PowerRating) |
98 | 39.61 | 2,762,654 |
3,810,700 |
| First Data Corp. | ( FDC | Quote | Chart | News | PowerRating) |
97 | 35.15 | 3,268,910 | 2,893,500 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Laboratory Corp. | ( LH | Quote | Chart | News | PowerRating) |
10 | 32.75 | 1,696,032 | 2,276,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pharmaceutical Holders | ( PPH | Quote | Chart | News | PowerRating) |
80 | 74.45 | 547,142 | 1,356,100 |
| Sigma-Aldrich | ( SIAL | Quote | Chart | News | PowerRating) |
86 | 50.91 | 755,113 | 798,200 |
| Whole Foods Market | ( WFMI | Quote | Chart | News | PowerRating) |
81 | 46.40 | 771,234 | 750,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Laboratory Corp. | ( LH | Quote | Chart | News | PowerRating) |
10 | 32.75 | 1,696,032 | 2,276,400 |
| Precision Castparts | ( PCP | Quote | Chart | News | PowerRating) |
18 | 23.08 | 361,740 | 837,300 |
| Vevendi | ( V | Quote | Chart | News | PowerRating) |
1 | 11.66 | 1,035,718 | 7,201,100 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.