Thursday’s Top Names
More and more setups are
appearing to the short side. This, in conjunction with a CVR III sell
signal on the
market bias page, makes me want to lean in that direction. That being said,
this is where I go into my routine of telling you to keep an eye on the long
side if the opportunity presents itself. The beauty of being a daytrader is that
with the short time-frame we have a lot more chances to get on the right side of
the market, and often in both directions.
Hottest Sectors:
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and Computer
Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Airlines
(
$XAL.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 |
Brooks Automation |
( BRKS | Quote | Chart | News | PowerRating) |
82 | 49.04 | 648,857 |
1,139,000 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
95 | 50.32 | 711,237 | 739,700 |
| NCO Group |
( NCOG | Quote | Chart | News | PowerRating) |
83 | 23.15 | 307,128 |
2,040,400 |
| Hotel Reservation Network | ( ROOM | Quote | Chart | News | PowerRating) |
89 | 49.84 | 294,611 | 720,800 |
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 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
3 | 44.20 | 1,619,706 | 2,520,900 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
7 | 64.97 | 885,957 | 1,282,400 |
| JP Morgan Chase |
( JPM | Quote | Chart | News | PowerRating) |
7 | 30.25 | 9,918,457 |
20,457,200 |
| Tyco, Inc. | ( TYC | Quote | Chart | News | PowerRating) |
1 | 29.35 | 30,487,268 | 42,643,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| FreeMarkets | ( FMKT | Quote | Chart | News | PowerRating) |
94 | 22.85 | 1,757,919 | 606,700 |
| Nucor Corp. | ( NUE | Quote | Chart | News | PowerRating) |
86 | 58.65 | 711,152 | 675,100 |
| CBRL Group | ( CBRL | Quote | Chart | News | PowerRating) |
88 | 68.29 | 994,014 | 805,400 |
| Goodyear Tire | ( GT | Quote | Chart | News | PowerRating) |
83 | 24.81 | 1,521,690 | 1,376,500 |
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 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
13 | 62.11 | 1,338,914 | 1,049,800 |
| AOL Time Warner | ( AOL | Quote | Chart | News | PowerRating) |
7 | 27.18 | 38,7645,161 | 23,803,000 |
| Scios, Inc. | ( SCIO | Quote | Chart | News | PowerRating) |
10 | 21.91 | 731,323 | 707,000 |
| Albertson’s | ( ABS | Quote | Chart | News | PowerRating) |
18 | 28.50 | 1,238,847 | 969,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Mercury Interactive | ( MERQ | Quote | Chart | News | PowerRating) |
93 | 37.44 | 3,925,920 | 1,355,600 |
| Phelps Dodge | ( PD | Quote | Chart | News | PowerRating) |
90 | 38.08 | 1,048,263 | 1,686,100 |
| Smith International | ( SII | Quote | Chart | News | PowerRating) |
89 | 57.21 | 1,207,583 | 1,304,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ballard Power | ( BLDP | Quote | Chart | News | PowerRating) |
16 | 28.45 | 830,137 | 1,812,600 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
13 | 62.11 | 1,338,914 | 1,049,800 |
| News Corp. |
( NWS | Quote | Chart | News | PowerRating) |
19 | 25.99 | 785,762 |
2,037,300 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.