Thursday’s Top Names
For the last two sessions, the
pattern has been morning rally, then late sell off.
The Market Bias Indicators are not saying much, so
until the market shows something different, I would keep the eyes on both sides
and see what shows up. Remember to honor stops, as you can always re-enter if
the stock shakes you out.
Hottest Sectors:
Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating) and Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Thursday’s
stocks to watch:
3 Month RS of 80 and higher and close in top
part of range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Acredo Health |
( ACDO | Quote | Chart | News | PowerRating) |
93 | 55.90 | 737,982 |
784,200 |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
80 | 47.23 | 237,733 | 517,500 |
| Dean Foods |
( DF | Quote | Chart | News | PowerRating) |
92 | 75.85 | 555,482 |
315,500 |
| Martek Biosciences | ( MATK | Quote | Chart | News | PowerRating) |
91 | 32.10 | 285,140 | 807,400 |
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 |
| Adelphia Communications | ( ADLAC | Quote | Chart | News | PowerRating) |
3 | 16.70 | 5,645,611 | 60,691,100 |
| Centex | ( CTX | Quote | Chart | News | PowerRating) |
15 | 52.98 | 1,105,092 | 1,344,500 |
| Eli Lilly |
( LLY | Quote | Chart | News | PowerRating) |
20 | 75.78 | 2,942,489 |
3,832,900 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
19 | 37.87 | 15,732,778 | 15,063,700 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
87 | 28.24 | 4,167,981 | 10,091,300 |
| Rowan Companies | ( RDC | Quote | Chart | News | PowerRating) |
86 | 23.12 | 1,458,,822 | 1,510,000 |
| El Paso Energy | ( EP | Quote | Chart | News | PowerRating) |
80 | 45.35 | 2,231,477 | 4,175,100 |
| Devon Energy | ( DVN | Quote | Chart | News | PowerRating) |
87 | 48.77 | 1,215,654 | 1,205,900 |
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 |
| Abbot Labs | ( ABT | Quote | Chart | News | PowerRating) |
15 | 51.91 | 4,122,027 | 4,808,300 |
| Waters Corp. | ( WAT | Quote | Chart | News | PowerRating) |
3 | 27.89 | 2,934,050 | 1,855,200 |
| Waste Management |
( WMI | Quote | Chart | News | PowerRating) |
11 | 26.23 | 2,007,286 |
2,517,200 |
| BellSouth | ( BLS | Quote | Chart | News | PowerRating) |
12 | 36.90 | 2,998,186 | 5,261,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Helmerich and Payne | ( HP | Quote | Chart | News | PowerRating) |
89 | 39.86 | 412,671 | 349,500 |
| Nabors Industries | ( NBR | Quote | Chart | News | PowerRating) |
85 | 42.32 | 2,193,654 | 2,334,600 |
| Rent-a-Center | ( RCII | Quote | Chart | News | PowerRating) |
97 | 51.52 | 295,411 | 347,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cablevision of New York | [CVC|CVC | 7 | 33.25 | 847,972 | 513,300 |
| Genesis Microchip | ( GNSS | Quote | Chart | News | PowerRating) |
2 | 24.71 | 4,738,872 | 3,591,800 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
18 | 54.77 | 910,446 | 528,100 |
Â
Best of luck with your trading Thursday. Please
use protective stops on trades.