Thursday’s Top Names
A distribution day in the
Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) appears to be the second day of the correction.
Markets often correct in threes, so the
tech-heavy index could continue to exhibit weakness on Thursday as well. The Dow
Industrials
(
$INDU |
Quote |
Chart |
News |
PowerRating), while holding up better, also appears to be in
corrective mode. Beware the triple witch, as the volatility going into Friday’s
expiration could pick up.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and 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 |
| Car Max | ( KMX | Quote | Chart | News | PowerRating) |
91 | 28.65 | 565,743 | 484,500 |
| L-3 Communications | ( LLL | Quote | Chart | News | PowerRating) |
81 | 112.45 | 645,871 | 662,600 |
Pre-Paid Legal |
( PPD | Quote | Chart | News | PowerRating) |
89 | 29.92 | 292,075 |
398,100 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
80 | 143.40 | 784,035 | 394,400 |
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 |
| Cerner | ( CERN | Quote | Chart | News | PowerRating) |
6 | 43.89 | 581,897 | 462,100 |
| eBay | ( EBAY | Quote | Chart | News | PowerRating) |
9 | 56.79 | 6,187,975 | 5,455,600 |
Mercury Computer |
( MRCY | Quote | Chart | News | PowerRating) |
15 | 36.71 | 402,785 |
149,700 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
5 | 40.97 | 15,919,146 | 10,765,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Symantec |
( SYMC | Quote | Chart | News | PowerRating) |
80 | 42.34 | 4,732,138 |
3,651,600 |
| Lam Research | ( LRCX | Quote | Chart | News | PowerRating) |
87 | 26.95 | 2,615,919 | 4,508,500 |
| T.Rowe Price | ( TROW | Quote | Chart | News | PowerRating) |
81 | 40.51 | 639,276 | 540,900 |
| Synovus Financial | ( SNV | Quote | Chart | News | PowerRating) |
80 | 30.71 | 433,671 | 477,800 |
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 |
| Regeneron Pharmaceuticals | ( REGN | Quote | Chart | News | PowerRating) |
15 | 25.75 | 537,128 | 366,600 |
| Cadence Design Systems | ( CDN | Quote | Chart | News | PowerRating) |
16 | 23.10 | 1,346,971 | 564,500 |
| Colgate-Palmolive | ( CL | Quote | Chart | News | PowerRating) |
14 | 54.64 | 1,657,942 | 1,507,700 |
| 99 Cents Only Stores | ( NDN | Quote | Chart | News | PowerRating) |
13 | 34.37 | 699,047 | 459,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| FLIR Systems | ( FLIR | Quote | Chart | News | PowerRating) |
91 | 53.65 | 439,218 | 517,700 |
| Pre-Paid Legal | ( PPD | Quote | Chart | News | PowerRating) |
89 | 29.92 | 292,075 | 398,100 |
| TRW Corp. | ( TRW | Quote | Chart | News | PowerRating) |
87 | 51.17 | 1,181,137 | 3,430,600 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cerner | ( CERN | Quote | Chart | News | PowerRating) |
6 | 43.89 | 581,897 | 462,100 |
| Mercury Computer | ( MRCY | Quote | Chart | News | PowerRating) |
15 | 36.71 | 402,785 | 149,700 |
| RF Micro Devices |
( RFMD | Quote | Chart | News | PowerRating) |
17 | 18.16 | 8,567,232 |
12,609,600 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.