Thursday’s Top Names
The charts continue to point
to the downside being the path of least resistance.
While both the Dow
(
$INDU |
Quote |
Chart |
News |
PowerRating) and S&P 500
(
$SPX.X |
Quote |
Chart |
News |
PowerRating)
both bounced around the 50-day moving average, I see no need to change the focus
tonight. Keep the bias to the short side, and be ready if we indeed get some
momentum behind a rebound.
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 Technology
(
$PSE.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 |
| Alliant Techsystems | ( ATK | Quote | Chart | News | PowerRating) |
93 | 105.91 | 330,629 | 269,900 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
97 | 67.30 | 827,314 | 1,282,100 |
| Henry Schein |
( HSIC | Quote | Chart | News | PowerRating) |
82 | 45.39 | 429,986 |
497,000 |
| Multimedia Gaming | ( MGAM | Quote | Chart | News | PowerRating) |
89 | 32.35 | 233,976 | 683,200 |
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 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
10 | 64.71 | 1,276,535 | 1,130,000 |
| eBay | ( EBAY | Quote | Chart | News | PowerRating) |
9 | 53.36 | 5,909,015 | 5,867,700 |
Krispy Kreme Doughnuts |
( KKD | Quote | Chart | News | PowerRating) |
17 | 38.60 | 707,489 |
706,100 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
19 | 38.91 | 599,318 | 275,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Boeing | ( BA | Quote | Chart | News | PowerRating) |
80 | 48.73 | 3,841,219 | 5,465,000 |
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 |
American Eagle Outfitters |
( AEOS | Quote | Chart | News | PowerRating) |
11 | 21.69 | 1,598,776 |
6,249,000 |
| ImClone Systems | ( IMCL | Quote | Chart | News | PowerRating) |
5 | 23.05 | 2,742,804 | 2,404,200 |
| Micrel | ( MCRL | Quote | Chart | News | PowerRating) |
18 | 23.45 | 1,089,247 | 1,324,800 |
| Goldman Sachs Networking Fund | ( IGN | Quote | Chart | News | PowerRating) |
7 | 23.86 | 331,776 | 1,211,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Henry Schein |
( HSIC | Quote | Chart | News | PowerRating) |
82 | 45.39 | 429,986 |
497,000 |
| Korea Telecom | ( KTC | Quote | Chart | News | PowerRating) |
80 | 24.14 | 1,596,737 | 1,514,100 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
92 | 31.21 | 378,178 | 178,300 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cephalon | ( CEPH | Quote | Chart | News | PowerRating) |
19 | 64.30 | 2,438,882 | 1,526,100 |
| ImClone Systems | ( IMCL | Quote | Chart | News | PowerRating) |
5 | 23.05 | 2,742,804 | 2,404,200 |
| PEC Solutions | ( PECS | Quote | Chart | News | PowerRating) |
4 | 23.15 | 631,054 | 312,500 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.