Thursday’s Top Names
Two CVR sell signals on
Wednesday night’s
Market Bias Indicators combined with the price action place the bias on the
short side. We will keep an eye out for
longs should circumstances tell us that is the direction to go, but until then
the path of least resistance appears to be down.
Hottest Sectors:
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
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Americredit | ( ACF | Quote | Chart | News | PowerRating) |
99 | 40.28 | 2,683,534 | 2,691,400 |
| Emmis Communications | ( EMMS | Quote | Chart | News | PowerRating) |
95 | 30.40 | 795,446 | 695,500 |
Expedia |
( EXPE | Quote | Chart | News | PowerRating) |
98 | 67.50 | 770,434 |
1,028,200 |
| Fred’s, Inc. | ( FRED | Quote | Chart | News | PowerRating) |
93 | 35.84 | 312,029 | 256,800 |
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 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
2 | 39.79 | 2,304,843 | 1,501,600 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
15 | 124.25 | 1,314,982 | 1,110,500 |
Internet Security Systems |
( ISSX | Quote | Chart | News | PowerRating) |
14 | 25.87 | 2,820,172 |
3,554,700 |
| Maxim Integrated Products | ( MXIM | Quote | Chart | News | PowerRating) |
17 | 53.17 | 5,760,906 | 3,800,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Expedia |
( EXPE | Quote | Chart | News | PowerRating) |
98 | 67.50 | 770,434 |
1,028,200 |
| Cognos | ( COGN | Quote | Chart | News | PowerRating) |
91 | 28.97 | 554,266 | 887,300 |
| Starwood Hotels | ( HOT | Quote | Chart | News | PowerRating) |
81 | 39.00 | 1,563,404 | 1,556,600 |
| Norfolk Southern | ( NSC | Quote | Chart | News | PowerRating) |
87 | 24.85 | 1,825,647 | 774,100 |
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 |
| Intuit | ( INTU | Quote | Chart | News | PowerRating) |
10 | 37.28 | 2,934,071 | 1,949,700 |
| UTStarcom | ( UTSI | Quote | Chart | News | PowerRating) |
8 | 23.02 | 1,861,985 | 966,900 |
| AOL-Time Warner | ( AOL | Quote | Chart | News | PowerRating) |
10 | 25.20 | 25,319,404 | 39,777,300 |
| Comcast Communications | ( CMCSK | Quote | Chart | News | PowerRating) |
15 | 32.40 | 8,442,876 | 5,959,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Quest Diagnostics | ( DGX | Quote | Chart | News | PowerRating) |
83 | 79.37 | 572,348 | 395,700 |
| Eastman Chemical | ( EMN | Quote | Chart | News | PowerRating) |
84 | 48.46 | 676,129 | 988,800 |
| National Oilwell | ( NOI | Quote | Chart | News | PowerRating) |
86 | 25.23 | 571,229 | 962,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
5 | 46.52 | 10,202,297 | 19,097,700 |
| Pharmaceutical Holders | ( PPH | Quote | Chart | News | PowerRating) |
20 | 96.05 | 350,680 | 1,349,600 |
| Taro Pharmaceuticals |
( TARO | Quote | Chart | News | PowerRating) |
4 | 31.81 | 617,320 |
209,200 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.