Thursday’s Top Names
What can you say about today?
We wanted a bounce, we got a bounce.
Thursday will be crucial, as often we get pauses
after gains this big, but we sold off so hard over the past couple of weeks, I
would hope for some follow through to the upside. Note: There were no low RS
candidates that closed in the bottom of their ranges Wednesday, so I picked
stocks with bearish patterns that appeared to be the best candidates to roll
over first in the event the selling started up again.
Hottest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and
Consumer Goods
(
$CMR.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and Telecommuncations
(
$XTC.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 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
82 | 48.59 | 1,677,495 | 2,976,700 |
| Intuit | ( INTU | Quote | Chart | News | PowerRating) |
88 | 44.34 | 3,701,742 | 4,851,100 |
Neurocrine Biosciences |
( NBIX | Quote | Chart | News | PowerRating) |
84 | 34.75 | 570,412 |
1,114,600 |
| Trigon Healthcare | ( TGH | Quote | Chart | News | PowerRating) |
97 | 98.30 | 595,534 | 1,444,800 |
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 |
| Analog Devices | ( ADI | Quote | Chart | News | PowerRating) |
14 | 25.47 | 3,245,751 | 4,561,900 |
| Automatic Data Processing | ( ADP | Quote | Chart | News | PowerRating) |
11 | 35.00 | 2,557,072 | 5,891,000 |
| NICOR Inc. |
( GAS | Quote | Chart | News | PowerRating) |
1 | 23.31 | 386,909 |
817,600 |
| Tidewater | ( TDW | Quote | Chart | News | PowerRating) |
13 | 26.32 | 860,892 | 3,348,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Telefonica S.A. | ( TEF | Quote | Chart | News | PowerRating) |
81 | 29.64 | 329,608 | 2,779,100 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
81 | 31.85 | 1,156,771 | 1,703,600 |
| Gentex | ( GNTX | Quote | Chart | News | PowerRating) |
81 | 26.97 | 382,873 | 675,700 |
| Performance Food Group | ( PFGC | Quote | Chart | News | PowerRating) |
88 | 32.45 | 416,892 | 768,200 |
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 |
| Automatic Data Processing | ( ADP | Quote | Chart | News | PowerRating) |
11 | 35.00 | 2,557,072 | 5,891,000 |
| Bristol-Meyers Squibb | ( BMY | Quote | Chart | News | PowerRating) |
20 | 20.55 | 9,366,368 | 18,093,500 |
| DST Inc. | ( DST | Quote | Chart | News | PowerRating) |
13 | 33.00 | 461,892 | 768,200 |
| Mettler Toledo | ( MTD | Quote | Chart | News | PowerRating) |
8 | 26.71 | 349,785 | 409,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ross Stores | ( ROST | Quote | Chart | News | PowerRating) |
81 | 39.01 | 729,462 | 1,092,800 |
| Sierra Health | ( SIE | Quote | Chart | News | PowerRating) |
90 | 21.15 | 297,854 | 960,300 |
Wellpoint Health |
( WLP | Quote | Chart | News | PowerRating) |
87 | 75.76 | 1,774,975 |
1,954,200 |
Â
Low RS at
or near low
None TodayÂ
Best of luck with your trading Thursday. Please use
protective stops on trades.