Thursday’s Top Names
The Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating)
broke down below the triple bottom Wednesday mentioned Tuesday night.
Despite the market being oversold, this tells me
there could be more downside momentum. We could get a bounce here, but don’t
plan for it. Continue to read the tape and trade what is there, not opinion.
Hottest Sectors: Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Broker/Dealers
(
$XBD.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 |
| Actel Corp. | ( ACTL | Quote | Chart | News | PowerRating) |
90 | 24.27 | 227,442 | 890,200 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
98 | 80.56 | 1,005,615 | 6,741,700 |
Fastenal |
( FAST | Quote | Chart | News | PowerRating) |
87 | 84.54 | 258,049 |
503,600 |
| ITT Industries | ( ITT | Quote | Chart | News | PowerRating) |
89 | 68.00 | 456,642 | 909,400 |
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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) |
12 | 38.13 | 3,018,966 | 3,701,800 |
| Ballard Power | ( BLDP | Quote | Chart | News | PowerRating) |
6 | 27.53 | 742,980 | 885,800 |
Chevron Texaco |
( CVX | Quote | Chart | News | PowerRating) |
18 | 85.00 | 2,614,977 |
2,178,600 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
4 | 27.44 | 1,958,195 | 10,893,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Michael’s Stores | ( MIK | Quote | Chart | News | PowerRating) |
84 | 39.84 | 357,923 | 24,817,800 |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
92 | 46.60 | 717,333 | 1,405,700 |
| Emmis Communications | ( EMMS | Quote | Chart | News | PowerRating) |
94 | 31.42 | 1,039,304 | 1,198,800 |
| Allstate | ( ALL | Quote | Chart | News | PowerRating) |
80 | 40.27 | 2,265,204 | 1,373,600 |
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 |
| Atlantic Coast Airlines | ( ACAI | Quote | Chart | News | PowerRating) |
10 | 21.45 | 1,316,500 | 616,490 |
| Micron Technology | ( MU | Quote | Chart | News | PowerRating) |
10 | 27.30 | 9,133,866 | 11,794,200 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
4 | 53.75 | 1,170,923 | 1,462,900 |
| Maxim Integrated Products | ( MXIM | Quote | Chart | News | PowerRating) |
16 | 50.03 | 5,595,795 | 6,708,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| ITT Industries | ( ITT | Quote | Chart | News | PowerRating) |
89 | 68.00 | 456,642 | 909,400 |
| PF Chang’s | ( PFCB | Quote | Chart | News | PowerRating) |
88 | 73.90 | 374,634 | 656,500 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
95 | 37.33 | 374,414 | 499,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ely Lilly |
( LLY | Quote | Chart | News | PowerRating) |
11 | 69.89 | 3,029,537 |
4,395,000 |
| Newport Corp. | ( NEWP | Quote | Chart | News | PowerRating) |
14 | 20.83 | 1,050,712 | 2,564,900 |
| Silicon Labs | ( SLAB | Quote | Chart | News | PowerRating) |
17 | 30.15 | 618,105 | 1,431,800 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.