Thursday’s Top Names
Volume was extremely light in
the shortened session Wednesday, as traders seemed to stay away.
Today’s action is tough to read as a
result, but the long side setups still look a little better. The shorts are
setting up, however, so if they decide to unload ’em Thursday, we will be there.
Hottest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.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 |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
98 | 53.85 | 646,165 | 505,800 |
| Cognizant Technology Solutions | ( CTSH | Quote | Chart | News | PowerRating) |
98 | 63.68 | 398,655 | 319,500 |
InVision Technologies |
( INVN | Quote | Chart | News | PowerRating) |
99 | 33.06 | 924,229 |
1,102,200 |
| Stryker Corp. | ( SYK | Quote | Chart | News | PowerRating) |
90 | 58.80 | 713,498 | 503,300 |
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 |
| AMN Healthcare | ( AHS | Quote | Chart | News | PowerRating) |
20 | 19.96 | 435,095 | 548,900 |
| BJ Services | ( BJS | Quote | Chart | News | PowerRating) |
14 | 29.00 | 2,521,374 | 890,700 |
General Dynamics |
( GD | Quote | Chart | News | PowerRating) |
18 | 80.48 | 2,231,474 |
1,334,600 |
| Phelps Dodge | ( PD | Quote | Chart | News | PowerRating) |
15 | 30.13 | 992,108 | 390,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Energizer Holdings | ( ENR | Quote | Chart | News | PowerRating) |
91 | 31.02 | 454,783 | 877,800 |
| Lowes | ( LOW | Quote | Chart | News | PowerRating) |
92 | 45.20 | 5,660,658 | 4,063,700 |
| Anheuser Busch | ( BUD | Quote | Chart | News | PowerRating) |
85 | 52.44 | 2,931,260 | 2,601,600 |
| Home Depot | ( HD | Quote | Chart | News | PowerRating) |
83 | 33.23 | 14,225,009 | 5,840,000 |
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 |
| Safeway Stores | ( SWY | Quote | Chart | News | PowerRating) |
11 | 27.23 | 3,846,165 | 1,250,700 |
| Bellsouth | ( BLS | Quote | Chart | News | PowerRating) |
12 | 24.15 | 5,122,954 | 2,885,200 |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
11 | 24.01 | 2,542,445 | 872,300 |
| TransOcean Sedco | ( RIG | Quote | Chart | News | PowerRating) |
9 | 22.70 | 2,714,074 | 1,720,200 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Imation |
( IMN | Quote | Chart | News | PowerRating) |
93 | 31.30 | 245,315 |
506,700 |
| Steris Corp. | ( STE | Quote | Chart | News | PowerRating) |
92 | 23.08 | 501,528 | 309,000 |
| Dentsply International | ( XRAY | Quote | Chart | News | PowerRating) |
83 | 41.29 | 607,718 | 1,148,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Enzon | ( ENZN | Quote | Chart | News | PowerRating) |
14 | 21.46 | 1,399,337 | 746,600 |
| Meadwestvaco Corp. | ( MWV | Quote | Chart | News | PowerRating) |
14 | 22.77 | 1,032,062 | 626,200 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.