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

 

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

 

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

 

Best of luck with your trading Thursday. Please use
protective stops on trades.