Thursday’s Top Names
Conflicting signals are
again in place tonight, as we
have a
CVR III buy signal from Tuesday night, but a second
day sell-off keeps pointing out that the most likely path of least resistance
is to the downside. The majority of better setups are on the short
side. Therefore, lean in that direction, but remember to wait for triggers and
honor your stops.
Hottest Sectors:
Oil Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
and Airlines
(
$XAL.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 |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
96 | 41.37 | 635,328 |
4,279,800 |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
95 | 44.31 | 9,164,529 | 8,933,800 |
| Level 3 Communications |
( LLL | Quote | Chart | News | PowerRating) |
84 | 103.93 | 567,405 |
956,300 |
| Micron Technology | ( MU | Quote | Chart | News | PowerRating) |
91 | 36.69 | 7,949,278 | 11,577,300 |
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 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
14 | 114.47 | 1,214,731 | 1,459,000 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
10 | 63.66 | 905,520 | 1,037,800 |
Cephalon |
( CEPH | Quote | Chart | News | PowerRating) |
5 | 54.92 | 2,531,766 |
3,279,300 |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating) |
12 | 53.39 | 3,502,725 | 3,649,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Textron |
( TXT | Quote | Chart | News | PowerRating) |
84 | 44.13 | 887,110 |
674,300 |
| Ann Taylor | ( ANN | Quote | Chart | News | PowerRating) |
95 | 38.08 | 659,310 | 1,024,200 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Respironics | ( RESP | Quote | Chart | News | PowerRating) |
2 | 24.96 | 537,200 | 778,100 |
| Cox Communications | ( COX | Quote | Chart | News | PowerRating) |
17 | 34.00 | 1,614,690 | 1,682,000 |
| Metro One Communications |
( MTON | Quote | Chart | News | PowerRating) |
3 | 20.80 | 478,965 |
797,900 |
| ConcordEFS | ( CEFT | Quote | Chart | News | PowerRating) |
20 | 28.22 | 5,414,925 | 7,308,500 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
85 | 58.90 | 8,999569 | 13,154,100 |
| Westwood One | ( WON | Quote | Chart | News | PowerRating) |
84 | 32.10 | 392,723 | 476,100 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Genentech |
( DNA | Quote | Chart | News | PowerRating) |
16 | 47.98 | 1,844,760 |
1,774,700 |
| Genzyme | ( GENZ | Quote | Chart | News | PowerRating) |
4 | 41.34 | 5,198,014 | 6,289,300 |
| Myriad Genetics | ( MYGN | Quote | Chart | News | PowerRating) |
15 | 40.47 | 1,000,075 | 871,900 |
Best of luck with your trading Thursday. Please use
protective stops on trades.