Thursday’s Top Names
Wednesday was a prime example
of why bias is just that — bias.
The indices started positive, sold off, then rallied
nicely into the close. The two-way volatility is exactly what we are looking for
as daytraders. The strong close from today is a positive note, but the trend is
still down. Continue to play whatever game the big boys want to play.
Hottest Sectors:
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors: Telecommunications
(
$XTC.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 |
| Apollo Group | ( APOL | Quote | Chart | News | PowerRating) |
82 | 56.17 | 1,018,663 | 1,178,700 |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
90 | 51.10 | 281,725 | 606,500 |
| L-3 Communications |
( LLL | Quote | Chart | News | PowerRating) |
90 | 123.81 | 746,729 |
766,700 |
| Scios | ( SCIO | Quote | Chart | News | PowerRating) |
97 | 31.02 | 997,145 | 1,641,600 |
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 |
| Brocade Communications | ( BRCD | Quote | Chart | News | PowerRating) |
7 | 22.50 | 17,256,292 | 28,918,900 |
| Centex | ( CTX | Quote | Chart | News | PowerRating) |
8 | 52.32 | 1,183,642 | 1,107,800 |
| Pulte Homes |
( PHM | Quote | Chart | News | PowerRating) |
20 | 48.69 | 688,868 |
698,800 |
| WebSense | ( WBSN | Quote | Chart | News | PowerRating) |
4 | 22.55 | 433,418 | 247,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| General Dynamics | ( GD | Quote | Chart | News | PowerRating) |
85 | 96.07 | 1,194,571 | 1,558,700 |
| Patterson-UTI Energy | ( PTEN | Quote | Chart | News | PowerRating) |
94 | 28.80 | 1,326,780 | 1,125,000 |
| Royal Caribbean Cruises | ( RCL | Quote | Chart | News | PowerRating) |
86 | 22.51 | 1,006,195 | 1,597,900 |
| Capital One Financial | ( COF | Quote | Chart | News | PowerRating) |
87 | 64.40 | 2,729,552 | 2,035,700 |
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 |
| AOL-Time Warner | ( AOL | Quote | Chart | News | PowerRating) |
5 | 20.70 | 26,758,409 | 118,859,100 |
| Metris | ( MXT | Quote | Chart | News | PowerRating) |
18 | 22.00 | 2,255,638 | 3,828,500 |
| Priority Healthcare | ( PHCC | Quote | Chart | News | PowerRating) |
13 | 24.70 | 351,666 | 872,700 |
| Convergys | ( CVG | Quote | Chart | News | PowerRating) |
6 | 29.25 | 1,030,276 | 750,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Group 1 Automotive | ( GPI | Quote | Chart | News | PowerRating) |
85 | 43.05 | 300,254 | 366,800 |
| PF Chang’s | ( PFCB | Quote | Chart | News | PowerRating) |
91 | 71.60 | 375,828 | 532,300 |
| Textron | ( TXT | Quote | Chart | News | PowerRating) |
82 | 53.01 | 759,557 | 624,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Mercury Computer | ( MRCY | Quote | Chart | News | PowerRating) |
6 | 29.55 | 410,260 | 141,300 |
| Metris | ( MXT | Quote | Chart | News | PowerRating) |
18 | 22.00 | 2,255,638 | 3,828,500 |
| Pulte Homes |
( PHM | Quote | Chart | News | PowerRating) |
20 | 48.69 | 688,868 |
698,800 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.