Thursday’s Top Names
Wednesday was a good example
of why it is good to be a daytrader. The
daily chart was pointing down, yet buying showed up and took ’em higher. The
lesson is to go with the flow and be a follower, not a predictor. CVR II and III
buy signals are in place, so keep an eye on that side until we see if something
else happens Thursday.
Hottest Sectors: Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating)
and Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
and Utilities
(
$UTY.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 |
| American Axle & Manufacturing | ( AXL | Quote | Chart | News | PowerRating) |
92 | 29.98 | 445,845 | 235,600 |
| Cardinal Health | ( CAH | Quote | Chart | News | PowerRating) |
80 | 63.92 | 2,859,905 | 1,961,700 |
Cognizant Technology Solutions |
( CTSH | Quote | Chart | News | PowerRating) |
96 | 59.80 | 390,207 |
425,288 |
| Hovnanian Enterprises | ( HOV | Quote | Chart | News | PowerRating) |
90 | 33.72 | 484,232 | 1,692,200 |
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 |
| AFC Enterprises | ( AFCE | Quote | Chart | News | PowerRating) |
17 | 21.71 | 272,806 | 251,500 |
| Laboratory Corp. | ( LH | Quote | Chart | News | PowerRating) |
8 | 29.69 | 1,846,326 | 1,191,300 |
American Italia Pasta |
( PLB | Quote | Chart | News | PowerRating) |
14 | 34.62 | 229,206 |
446,800 |
| TransOcean Sedco | ( RIG | Quote | Chart | News | PowerRating) |
18 | 22.51 | 2,766,798 | 3,134,800 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Goldman Sachs | ( GS | Quote | Chart | News | PowerRating) |
84 | 75.50 | 5,947,578 | 5,099,200 |
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 |
| Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
7 | 20.40 | 5,719,949 | 4,195,600 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pixar Corp. | ( PIXR | Quote | Chart | News | PowerRating) |
97 | 50.49 | 409,304 | 685,478 |
| Rent-a-Center | ( RCII | Quote | Chart | News | PowerRating) |
82 | 56.72 | 407,781 | 836,031 |
| United Parcel Service | ( UPS | Quote | Chart | News | PowerRating) |
81 | 63.55 | 5,852,029 | 2,759,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Quest Diagnostics | ( DGX | Quote | Chart | News | PowerRating) |
9 | 53.75 | 1,442,738 | 862,800 |
| Pepsico | ( PEP | Quote | Chart | News | PowerRating) |
19 | 37.79 | 6,574,358 | 7,496,400 |
| Triad Hospitals | ( TRI | Quote | Chart | News | PowerRating) |
20 | 33.94 | 801,957 | 1,232,600 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.