Thursday’s Top Names
With another good day of
volume and strong close, the bias is for upside momentum to continue into
Thursday’s open. Proxies like the
Semiconductor Index
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and the Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating)
closed at the top of their wide-range bars, another bullish signal. If they
continue to mark them up, look at the long side, but if not look for the weakest
stocks.
Hottest Sectors: Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.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 |
| Amercredit | ( ACF | Quote | Chart | News | PowerRating) |
96 | 41.75 | 2,081,922 | 3,163,100 |
| Burlington Resources | ( BR | Quote | Chart | News | PowerRating) |
83 | 43.95 | 1,174,375 | 929,100 |
Jacobs Engineering |
( JEC | Quote | Chart | News | PowerRating) |
83 | 42.58 | 147,180 |
541,300 |
| Moody’s Corp. | ( MCO | Quote | Chart | News | PowerRating) |
89 | 48.31 | 513,408 | 782,600 |
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 |
| ACE Ltd. | ( ACE | Quote | Chart | News | PowerRating) |
13 | 35.50 | 2,199,845 | 2,756,400 |
| Edwards Life Sciences | ( EW | Quote | Chart | News | PowerRating) |
18 | 25.77 | 335,131 | 303,500 |
Reebok |
( RBK | Quote | Chart | News | PowerRating) |
19 | 26.45 | 655,862 |
779,500 |
| Valero Energy | ( VLO | Quote | Chart | News | PowerRating) |
15 | 40.10 | 1,444,329 | 1,649,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amercredit | ( ACF | Quote | Chart | News | PowerRating) |
96 | 41.75 | 2,081,922 | 3,163,100 |
| Silicon Valley Bancshares | ( SIVB | Quote | Chart | News | PowerRating) |
89 | 33.46 | 503,690 | 999,600 |
| Insight Enterprises | ( NSIT | Quote | Chart | News | PowerRating) |
91 | 27.34 | 467,218 | 656,300 |
| United Surgical Partners | ( USPI | Quote | Chart | News | PowerRating) |
95 | 27.47 | 349,790 | 666,800 |
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 |
| Nordstrom | ( JWN | Quote | Chart | News | PowerRating) |
16 | 23.08 | 393,172 | 488,400 |
| Rainbow Media Group | ( RMG | Quote | Chart | News | PowerRating) |
16 | 22.62 | 426,677 | 363,900 |
| Cabot Corp. | ( CBT | Quote | Chart | News | PowerRating) |
5 | 26.01 | 454,468 | 433,200 |
| BellSouth | ( BLS | Quote | Chart | News | PowerRating) |
8 | 29.75 | 6,669,818 | 4,651,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Noble Drilling | ( NE | Quote | Chart | News | PowerRating) |
90 | 42.48 | 2,151,214 | 3,135,700 |
| Smith International | ( SII | Quote | Chart | News | PowerRating) |
93 | 73.80 | 1,317,323 | 1,488,100 |
| Weatherford International | ( WFT | Quote | Chart | News | PowerRating) |
93 | 52.02 | 1,771,029 | 1,721,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Edwards Life Sciences | ( EW | Quote | Chart | News | PowerRating) |
18 | 25.77 | 335,131 | 303,500 |
| Reebok | ( RBK | Quote | Chart | News | PowerRating) |
19 | 26.45 | 655,862 | 779,500 |
| Zales Corp. | ( ZLC | Quote | Chart | News | PowerRating) |
19 | 39.11 | 374,614 | 231,300 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.