Thursday’s Top Names
Wednesday’s last hour sell off took place on good
volume. This, combined with a
CVR VI sell still valid from Tuesday night, places the focus on the short
side. The indices all left bearish tails in place on the daily charts, which is
yet another indication the selling will spill into Thursday morning. As always,
have some longs in the bullpen, just in case the market does not accomodate.
Hottest Sectors: Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) and Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Biotechs
(
$BTK.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 |
Accredo Health |
( ACDO | Quote | Chart | News | PowerRating) |
90 | 50.79 | 532,088 |
1,333,100 |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
93 | 33.00 | 399,380 | 1,477,000 |
Integrated Circuit Systems |
( ICST | Quote | Chart | News | PowerRating) |
96 | 26.18 | 1,302,792 |
2,112,200 |
| Mentor | ( MENT | Quote | Chart | News | PowerRating) |
90 | 26.85 | 739,855 | 1,414,000 |
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 |
| Alliant Techsystems | ( ATK | Quote | Chart | News | PowerRating) |
7 | 76.01 | 343,608 | 209,700 |
| Blockbuster Entertainment | ( BBI | Quote | Chart | News | PowerRating) |
9 | 21.45 | 607,865 | 7,727,300 |
| Cox Communications |
( COX | Quote | Chart | News | PowerRating) |
14 | 38.50 | 978,934 |
6,916,300 |
| Hanover Compressor | ( HC | Quote | Chart | News | PowerRating) |
9 | 20.67 | 780,895 | 2,650,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Integrated Circuit Systems |
( ICST | Quote | Chart | News | PowerRating) |
96 | 26.18 | 1,302,792 |
2,112,200 |
| Emmis Communications | ( EMMS | Quote | Chart | News | PowerRating) |
94 | 24.74 | 854,177 | 3,723,000 |
| Tiffany and Co. | ( TIF | Quote | Chart | News | PowerRating) |
86 | 35.01 | 831,488 | 2,088,000 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
94 | 55.98 | 8,175,361 | 8,554,300 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| ImClone Systems | ( IMCL | Quote | Chart | News | PowerRating) |
1 | 31.85 | 6,054,477 | 16,035,400 |
| Texas Instruments | ( TXN | Quote | Chart | News | PowerRating) |
18 | 28.21 | 11,647,338 | 19,660,000 |
| Cox Communications |
( COX | Quote | Chart | News | PowerRating) |
14 | 38.50 | 978,934 |
6,916,300 |
| Pepsi Bottling Group | ( PBG | Quote | Chart | News | PowerRating) |
8 | 21.70 | 708,377 | 2,739,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
93 | 33.00 | 399,380 | 1,477,000 |
| Integrated Circuit Systems | ( ICST | Quote | Chart | News | PowerRating) |
96 | 26.18 | 1,302,792 | 2,112,200 |
| Photon Labs | ( PLAB | Quote | Chart | News | PowerRating) |
91 | 34.97 | 668,712 | 2,511,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cox Communications |
( COX | Quote | Chart | News | PowerRating) |
14 | 38.50 | 978,934 |
6,916,300 |
| General Dynamics | ( GD | Quote | Chart | News | PowerRating) |
11 | 81.00 | 1,457,849 | 1,381,300 |
| Sprint PCS | ( PCS | Quote | Chart | News | PowerRating) |
1 | 19.25 | 7,714,897 | 23,841,000 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.