Thursday’s Top Names
The market continues to give,
so take the direction where it does.
The daily charts are continuing to point to
additional downside potential. Focus on candidates to that side and keep the
longs in the bullpen in case Thursday’s action warrants going in that direction.
Hottest Sectors: Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) and
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.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 |
| Autozone | ( AZO | Quote | Chart | News | PowerRating) |
91 | 81.90 | 1,037,157 | 1,071,300 |
| Hovnanian Enterprises | ( HOV | Quote | Chart | News | PowerRating) |
97 | 36.90 | 420,103 | 782,100 |
| JB Hunt |
( JBHT | Quote | Chart | News | PowerRating) |
80 | 32.20 | 473,182 |
1,573,000 |
| Wellpoint Health | ( WLP | Quote | Chart | News | PowerRating) |
97 | 86.20 | 1,449,332 | 1,844,100 |
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 |
| Adobe Systems | ( ADBE | Quote | Chart | News | PowerRating) |
18 | 27.08 | 4,214,872 | 11,741,700 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
8 | 41.83 | 1,357,982 | 1,831,600 |
KLA-Tencor |
( KLAC | Quote | Chart | News | PowerRating) |
10 | 47.41 | 12,273,131 |
14,165,200 |
| Kronos, Inc. | ( KRON | Quote | Chart | News | PowerRating) |
11 | 30.43 | 455,215 | 1,384,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| DaVita | ( DVA | Quote | Chart | News | PowerRating) |
85 | 24.99 | 665,842 | 1,524,700 |
| Tenet Healthcare | ( THC | Quote | Chart | News | PowerRating) |
92 | 78.10 | 1,808,895 | 1,553,300 |
| Principal Financial Group | ( PFG | Quote | Chart | News | PowerRating) |
91 | 29.69 | 1,421,828 | 1,265,100 |
| Estee Lauder | ( EL | Quote | Chart | News | PowerRating) |
85 | 37.43 | 1,307,428 | 3,529,400 |
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 |
| Abbott Labs | ( ABT | Quote | Chart | News | PowerRating) |
5 | 37.65 | 7,653,552 | 6,470,700 |
| Teradyne | ( TER | Quote | Chart | News | PowerRating) |
10 | 25.41 | 3,045,257 | 2,388,800 |
| Silicon Labs | ( SLAB | Quote | Chart | News | PowerRating) |
8 | 24.70 | 1,204,247 | 1,747,900 |
| Micron Technology | ( MU | Quote | Chart | News | PowerRating) |
12 | 20.08 | 6,351,942 | 14,027,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| JB Hunt |
( JBHT | Quote | Chart | News | PowerRating) |
80 | 32.20 | 473,182 |
1,573,000 |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
97 | 31.87 | 564,389 | 1,351,200 |
| Yellow Corp. | ( YELL | Quote | Chart | News | PowerRating) |
81 | 31.05 | 310,608 | 1,948,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Micron Technology | ( MU | Quote | Chart | News | PowerRating) |
12 | 20.08 | 6,351,942 | 14,027,900 |
| Semiconductor Holders ETF | ( SMH | Quote | Chart | News | PowerRating) |
7 | 32.25 | 5,256,158 | 5,630,400 |
Xilinx |
( XLNX | Quote | Chart | News | PowerRating) |
5 | 25.08 | 9,850,555 |
15,603,500 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.