Thursday’s Top Names
The markets traded lower early on in the
session Wednesday as traders were waiting for the
Fed’s decision on rates. After
2:00 PM EST, the market moved in a roller-coaster fashion after the FOMC
announced earnings would remain unchanged, before gaining its footing and
trekking higher for the session. We go into tomorrow’s session with three upward bias signals.
Hottest Sectors:
Semiconductor
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: GSTI Internet
(
$GIN.X |
Quote |
Chart |
News |
PowerRating) and
Interactive Internet
(
$IIX.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 |
| Action Performance |
( ACTN | Quote | Chart | News | PowerRating) |
91 | 39.80 | 386,500 | 364,200 |
| Hyperion Solutions | ( HYSL | Quote | Chart | News | PowerRating) |
97 | 23.30 | 397,900 | 279,600 |
| Integrated Ciruit Systems |
( ICST | Quote | Chart | News | PowerRating) |
92 | 24.10 | 1,283,100 | 1,319,400 |
| Siebel Systems | ( SEBL | Quote | Chart | News | PowerRating) |
98 | 35.66 | 18,095,400 | 29,519,900 |
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 |
| Albany Molecular Research | ( AMRI | Quote | Chart | News | PowerRating) |
15 | 24.61 | 305,200 | 170,100 |
| Waste Connections | ( WCNX | Quote | Chart | News | PowerRating) |
13 | 27.05 | 357,800 | 311,200 |
| Shaw Group |
( SGR | Quote | Chart | News | PowerRating) |
7 | 19.25 | 1,152,400 | 1,657,100 |
| THQ Inc. | ( THQI | Quote | Chart | News | PowerRating) |
8 | 43.39 | 1,528,200 | 1,241,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Affymetrix Inc | ( AFFX | Quote | Chart | News | PowerRating) |
96 | 31.37 | 1,608,200 | 6,724,900 |
| Digital Insight Corp |
( DGIN | Quote | Chart | News | PowerRating) |
93 | 24.33 | 354,400 | 2,114,300 |
| JDA Software | ( JDAS | Quote | Chart | News | PowerRating) |
97 | 28.05 | 514,300 | 398,800 |
| WebMethods | ( WEBM | Quote | Chart | News | PowerRating) |
99 | 23.50 | 1,481,000 | 1,400,600 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Waste Connections | ( WCNX | Quote | Chart | News | PowerRating) |
13 | 27.05 | 357,800 | 311,200 |
| Shaw Group | ( SGR | Quote | Chart | News | PowerRating) |
2 | 19.25 | 1,152,400 | 1,657,100 |
| Albany Molecular Research | ( AMRI | Quote | Chart | News | PowerRating) |
15 | 24.61 | 305,200 | 170,100 |
| ICOS Corp | ( ICOS | Quote | Chart | News | PowerRating) |
4 | 42.21 | 1,290,200 | 5,396,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Centex Corporations |
( CTX | Quote | Chart | News | PowerRating) |
90 | 59.80 | 892,800 | 1,063,400 |
| Hyperion Solutions | ( HYSL | Quote | Chart | News | PowerRating) |
97 | 23.30 | 397,900 | 279,600 |
| Expedia Incorporated |
( EXPE | Quote | Chart | News | PowerRating) |
93 | 56.45 | 629,800 | 1,741,800 |
| Oxford Health Plans Inc |
( OHP | Quote | Chart | News | PowerRating) |
95 | 36.32 | 953,700 | 759,900 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Allegheny Inc | ( AYE | Quote | Chart | News | PowerRating) |
13 | 32.26 | 664,400 | 1,139,900 |
Best of luck with your trading
Thursday. Please use
protective stops on trades.