Thursday’s Top Names
The indices are still pointing
that the path of least resistance is down.
Keep an eye to the downside and look to short the
weak candidates, unless we get some window dressing and end-of month mark up. In
that case, we will dabble on the long side.
Hottest Sectors: None.
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and High
Technology
(
$PSE.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 |
| Accredo Health | ( ACDO | Quote | Chart | News | PowerRating) |
88 | 50.33 | 792,926 | 916,800 |
| Corinthian Colleges | ( COCO | Quote | Chart | News | PowerRating) |
91 | 34.20 | 717,063 | 1,846,500 |
General Growth Properties |
( GGP | Quote | Chart | News | PowerRating) |
81 | 50.58 | 286,011 |
199,200 |
| Weight Watchers | ( WTW | Quote | Chart | News | PowerRating) |
88 | 47.60 | 453,842 | 601,100 |
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 |
| Cerner Corp. | ( CERN | Quote | Chart | News | PowerRating) |
15 | 37.15 | 720,964 | 598,142 |
| DST Systems | ( DST | Quote | Chart | News | PowerRating) |
18 | 33.87 | 532,072 | 551,600 |
| Nucor | ( NUE | Quote | Chart | News | PowerRating) |
11 | 49.39 | 899,612 |
775,700 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
14 | 34.68 | 13,232,669 | 11,994,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Wal-Mart | ( WMT | Quote | Chart | News | PowerRating) |
83 | 53.40 | 10,487,454 | 7,558,000 |
| Ann Taylor | ( ANN | Quote | Chart | News | PowerRating) |
87 | 26.60 | 1,057,003 | 880,500 |
Pfizer |
( PFE | Quote | Chart | News | PowerRating) |
80 | 33.11 | 21,553,072 |
11,717,800 |
| UST, Inc. | ( UST | Quote | Chart | News | PowerRating) |
84 | 33.29 | 828,340 | 805,200 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| American Capital Strategies | ( ACAS | Quote | Chart | News | PowerRating) |
13 | 22.18 | 697,272 | 864,423 |
| Meadwestvaco Corp. | ( MWV | Quote | Chart | News | PowerRating) |
9 | 23.90 | 979,694 | 1,149,700 |
| Weyerhauser | ( WY | Quote | Chart | News | PowerRating) |
17 | 53.72 | 1,145,271 | 946,200 |
| Global Santa Fe | ( GSF | Quote | Chart | News | PowerRating) |
17 | 22.18 | 2,221,871 | 2,767,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| FBR Asset Investment | [FBFB] | 81 | 33.12 | 357,708 | 166,600 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 32.51 | 972,362 | 512,600 |
| United Surgical Partners | ( USPI | Quote | Chart | News | PowerRating) |
85 | 29.05 | 398,825 | 318,089 |
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) |
10 | 55.23 | 1,444,391 | 1,338,500 |
| Nucor | ( NUE | Quote | Chart | News | PowerRating) |
11 | 49.39 | 899,612 | 775,700 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
8 | 20.11 | 562,822 | 290,800 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.