Thursday’s Top Names
A good factory orders report
spurred on the indices to another strong day.
Momentum has favored the long side the last few
days, however be aware that the Nasdaq Composite is nearing the convergence of
the 50% retracement of the January high to the February lows and the 50-day
moving average. In addition, Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) is reporting on its earnings
outlook tomorrow, and if it raises its company outlook as expected, that could
help out the tech sector. Be on the alert.
Hottest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Internets
(
$DOT.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 |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
87 | 73.49 | 673,415 | 741,500 |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
82 | 43.75 | 188,725 | 419,200 |
| Devon Energy |
( DVN | Quote | Chart | News | PowerRating) |
93 | 46.70 | 1,247,278 |
1,535,000 |
| Paccar | ( PCAR | Quote | Chart | News | PowerRating) |
85 | 76.42 | 549,992 | 840,600 |
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 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
7 | 65.93 | 1,224,465 | 885,800 |
| Guidant | ( GDT | Quote | Chart | News | PowerRating) |
7 | 40.50 | 2,457,888 | 4,751,500 |
UTStarcom |
( UTSI | Quote | Chart | News | PowerRating) |
11 | 23.08 | 2,194,045 |
2,632,300 |
| Veeco Instruments | ( VECO | Quote | Chart | News | PowerRating) |
5 | 30.05 | 736,560 | 521,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Rockwell Collins | ( COL | Quote | Chart | News | PowerRating) |
91 | 24.11 | 503,533 | 692,600 |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
99 | 23.60 | 738,904 | 375,500 |
| Devon Energy |
( DVN | Quote | Chart | News | PowerRating) |
93 | 46.70 | 1,247,278 |
1,535,000 |
| Newell Rubbermaid | ( NWL | Quote | Chart | News | PowerRating) |
80 | 32.59 | 1,685,647 | 1,213,100 |
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 |
Waters Corp. |
( WAT | Quote | Chart | News | PowerRating) |
11 | 30.43 | 1,408,061 |
5,591,100 |
| Ameripath | ( PATH | Quote | Chart | News | PowerRating) |
18 | 26.00 | 580,223 | 310,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
87 | 73.49 | 673,415 | 741,500 |
| Mohawk Industries | ( MHK | Quote | Chart | News | PowerRating) |
91 | 65.37 | 489,432 | 482,500 |
| Paccar | ( PCAR | Quote | Chart | News | PowerRating) |
85 | 76.42 | 549,992 | 840,600 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Guidant | ( GDT | Quote | Chart | News | PowerRating) |
7 | 40.50 | 2,457,888 | 4,751,500 |
| SeaChange International | ( SEAC | Quote | Chart | News | PowerRating) |
4 | 15.48 | 759,800 | 8,062,300 |
UTStarcom |
( UTSI | Quote | Chart | News | PowerRating) |
11 | 23.08 | 2,194,045 |
2,632,300 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.