Thursday’s Top Names
The broader
markets move higher for the session as technology stocks helped propel
the indices into the green. Tonight we have a CVR 1 buy signal as indicated on
the market bias page, so looking ahead to tomorrow’s session we have a slightly
upward bias slated. Once again take it with a grain of salt, as we are still in
earnings season.
Hottest Sectors:
Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) and
Consumer
(
$CMR.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 |
| Insight Enterprises |
( NSIT | Quote | Chart | News | PowerRating) |
90 | 25.20 | 327,909 | 903,200 |
| JB Hunt Transport Services | ( JBHT | Quote | Chart | News | PowerRating) |
92 | 28.09 | 267,681 | 1,975,800 |
| Atlantic Coast Airlines |
( ACAI | Quote | Chart | News | PowerRating) |
94 | 27.60 | 467,181 | 489,300 |
| Direct Focus Inc | ( DFXI | Quote | Chart | News | PowerRating) |
90 | 36.90 | 718,272 | 2,330,700 |
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 |
| Advance PCS | ( ADVP | Quote | Chart | News | PowerRating) |
7 | 28.45 | 1,913,636 | 849,600 |
| Arthur J Gallagher | ( AJG | Quote | Chart | News | PowerRating) |
12 | 33.10 | 448,454 | 827,600 |
| Newmont Mining |
( NEM | Quote | Chart | News | PowerRating) |
18 | 19.94 | 3,742,000 | 4,914,600 |
| Pharmaceuticals Resources | ( PRX | Quote | Chart | News | PowerRating) |
4 | 34.42 | 424,500 | 214,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Brocade Communications | ( BRCD | Quote | Chart | News | PowerRating) |
94 | 34.80 | 16,054,636 | 16,646,500 |
| Direct Focus Inc | ( DFXI | Quote | Chart | News | PowerRating) |
90 | 36.90 | 718,272 | 2,330,700 |
| Emulex Corp | ( EMLX | Quote | Chart | News | PowerRating) |
97 | 44.13 | 8,670,318 | 20,337,100 |
| JB Hunt Transport Services | ( JBHT | Quote | Chart | News | PowerRating) |
92 | 28.09 | 267,681 | 1,975,800 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| General Dynamics | ( GD | Quote | Chart | News | PowerRating) |
17 | 79.15 | 1,211,409 | 2,249,400 |
| Mercury Computers | ( MRCY | Quote | Chart | News | PowerRating) |
17 | 35.08 | 407,318 | 166,200 |
| McAfee.Com | ( MCAF | Quote | Chart | News | PowerRating) |
7 | 20.12 | 843,272 | 1,411,400 |
| THQ Inc | ( THQI | Quote | Chart | News | PowerRating) |
3 | 42.08 | 1,519,363 | 1,259,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
97 | 56.68 | 2,669,909 | 7,699,300 |
| Invision Technologies |
( INVN | Quote | Chart | News | PowerRating) |
99 | 36.17 | 2,803,409 | 2,381,900 |
| Web Sense Inc |
( WBSN | Quote | Chart | News | PowerRating) |
93 | 29.40 | 517,636 | 461,700 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pharmaceuticals Resources | ( PRX | Quote | Chart | News | PowerRating) |
4 | 34.42 | 424,500 | 214,300 |
Best of luck with your trading
Thursday. Please use
protective stops on trades.