Thursday’s Top Names
The volatility gave plenty of opportunities available
Wednesday to
each side, long and short. I see no reason that would make me recommend
stopping going with the best setups to each side as they make themselves
available. Honor your stops and continue to trade both sides of the market until
we get a trend forming in one direction or the other.
Hottest Sectors: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Internets
(
$IIX.X |
Quote |
Chart |
News |
PowerRating) and
Gold and Silver
(
$XAU.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 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
90 | 54.58 | 721,103 | 1,254,400 |
| General Dynamics | ( GD | Quote | Chart | News | PowerRating) |
82 | 91.58 | 1,322,177 | 1,307,300 |
| L-3 Communications |
( LLL | Quote | Chart | News | PowerRating) |
95 | 112.12 | 597,477 |
620,500 |
| Radian Group | ( RDN | Quote | Chart | News | PowerRating) |
84 | 46.91 | 625,358 | 1,102,200 |
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 |
| Abgenix | ( ABGX | Quote | Chart | News | PowerRating) |
7 | 20.60 | 1,748,478 | 9,758,800 |
| Brocade | ( BRCD | Quote | Chart | News | PowerRating) |
10 | 24.18 | 15,844,126 | 20,118,800 |
| Check Point Software |
( CHKP | Quote | Chart | News | PowerRating) |
4 | 29.60 | 8,611,731 |
7,346,500 |
| eBay | ( EBAY | Quote | Chart | News | PowerRating) |
17 | 49.11 | 6,280,958 | 3,023,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Accredo Health |
( ACDO | Quote | Chart | News | PowerRating) |
97 | 53.88 | 586,119 |
383,500 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 39.86 | 1,935,490 | 487,500 |
| Brunswick Corp. | ( BC | Quote | Chart | News | PowerRating) |
94 | 26.89 | 784,757 | 474,300 |
| Ticket Master | ( TMCS | Quote | Chart | News | PowerRating) |
92 | 23.35 | 1,150,947 | 375,800 |
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 |
| Scios | ( SCIO | Quote | Chart | News | PowerRating) |
8 | 20.60 | 692,400 | 478,500 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
16 | 49.93 | 1,089,114 | 1,452,500 |
| Celgene | ( CELG | Quote | Chart | News | PowerRating) |
14 | 26.85 | 1,467,157 | 841,800 |
| Cadence Systems | ( CDN | Quote | Chart | News | PowerRating) |
12 | 21.38 | 1,339,676 | 1,020,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alliant Techsystems | ( ATK | Quote | Chart | News | PowerRating) |
85 | 94.18 | 334,891 | 279,600 |
| L-3 Communications | ( LLL | Quote | Chart | News | PowerRating) |
95 | 112.12 | 597,477 | 620,500 |
| Radian Group | ( RDN | Quote | Chart | News | PowerRating) |
84 | 46.91 | 625,358 | 1,102,200 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
3 | 32.79 | 15,500,106 | 6,039,000 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
9 | 39.10 | 9,444,218 | 4,366,900 |
| Synopsys | ( SNPS | Quote | Chart | News | PowerRating) |
13 | 48.11 | 1,704,289 | 1,269,400 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.