Thursday’s Top Names
The indices mounted a last
hour rally to close well.
This has the daily charts looking like they are
ready to climb out of this first pullback off the low. Therefore, look at the
long side first, then go with the weak issues if the selling returns.
Hottest Sectors:Â Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Computer
Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) and
Transports
(
$DOT.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 |
| Amgen | ( AMGN | Quote | Chart | News | PowerRating) |
96 | 45.68 | 18,046,055 | 15,023,100 |
| Chiron | ( CHIR | Quote | Chart | News | PowerRating) |
89 | 35.69 | 2,752,382 | 2,672,600 |
EcoLabs |
( ECL | Quote | Chart | News | PowerRating) |
96 | 47.44 | 521,778 |
804,600 |
| Lockheed Martin | ( LMT | Quote | Chart | News | PowerRating) |
82 | 64.71 | 3,091,114 | 2,325,000 |
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 |
| Beazer Homes | ( BZH | Quote | Chart | News | PowerRating) |
16 | 58.55 | 643,822 | 580,000 |
| Capital One Financial | ( COF | Quote | Chart | News | PowerRating) |
1 | 25.28 | 4,729,886 | 2,086,600 |
Hotels.com |
( ROOM | Quote | Chart | News | PowerRating) |
18 | 38.40 | 952,931 |
789,790 |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
7 | 21.90 | 2,077,582 | 3,895,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pharmacia | ( PHA | Quote | Chart | News | PowerRating) |
98 | 44.20 | 7,364,614 | 6,940,600 |
| Zimmer Holdings | ( ZMH | Quote | Chart | News | PowerRating) |
97 | 37.98 | 808,998 | 764,300 |
| United Technologies | ( UTX | Quote | Chart | News | PowerRating) |
81 | 67.16 | 2,594,889 | 2,454,900 |
| Union Pacific | ( UNP | Quote | Chart | News | PowerRating) |
82 | 58.66 | 1,216,172 | 868,400 |
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 |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
7 | 21.90 | 2,077,582 | 3,895,000 |
| Biovail | ( BVF | Quote | Chart | News | PowerRating) |
4 | 22.29 | 1,459,758 | 916,800 |
| Mellon Financial | ( MEL | Quote | Chart | News | PowerRating) |
16 | 24.87 | 2,209,477 | 2,022,000 |
| Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
14 | 30.80 | 3,939,890 | 3,737,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Adolph Coors | ( RKY | Quote | Chart | News | PowerRating) |
84 | 62.63 | 448,909 | 452,600 |
| Varian, Inc. | ( VARI | Quote | Chart | News | PowerRating) |
96 | 34.40 | 394,770 | 879,500 |
| United Technologies | ( UTX | Quote | Chart | News | PowerRating) |
81 | 67.16 | 2,594,889 | 2,454,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Aon Corp. | ( AOC | Quote | Chart | News | PowerRating) |
15 | 14.77 | 1,113,652 | 20,174,800 |
| Linens ‘n’ Things | ( LIN | Quote | Chart | News | PowerRating) |
7 | 21.06 | 734,809 | 1,451,300 |
| Omnicom Group | ( OMC | Quote | Chart | News | PowerRating) |
17 | 52.70 | 4,241,300 | 3,488,300 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.