Thursday’s Top Names
Don’t fight the tape and continue to follow
whichever direction the market wants to take you. Since it seems to keep wanting
to go up, ride it higher. Keep in mind, however, the last hour sell off
Wednesday, as the indices gave back the majority of the intraday gains. Window
dressing into quarter end may keep propping prices up for a couple of days more.
If it happens, great. But remember, as daytraders our job is to follow the
action, in the direction the market wishes to go.
Hottest Sectors:
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Japan Index
(
$JPN.X |
Quote |
Chart |
News |
PowerRating) and
Gold
(
$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 |
| BJ Services |
( BJS | Quote | Chart | News | PowerRating) |
87 | 34.00 | 3,154,151 |
2,697,200 |
| Cree Research | ( CREE | Quote | Chart | News | PowerRating) |
95 | 31.16 | 1,678,786 | 1,844,200 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
96 | 66.45 | 2,550,898 |
1,856,600 |
| Intermune | ( ITMN | Quote | Chart | News | PowerRating) |
84 | 51.05 | 552,611 | 358,200 |
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 |
| BJ’s Wholesale |
|
15 | 43.09 | 997,477 | 854,200 |
| Cima Labs | ( CIMA | Quote | Chart | News | PowerRating) |
5 | 36.85 | 615,937 | 303,900 |
Sigma-Aldrich |
( SIAL | Quote | Chart | News | PowerRating) |
4 | 39.83 | 550,909 |
276,800 |
| Safeway Stores | ( SWY | Quote | Chart | News | PowerRating) |
11 | 41.45 | 3,021,958 | 1,376,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Numerical Technologies | ( NMTC | Quote | Chart | News | PowerRating) |
92 | 36.48 | 725,160 | 618,300 |
| Intermune | ( ITMN | Quote | Chart | News | PowerRating) |
84 | 51.05 | 552,611 | 358,200 |
| McAfee.com | ( MCAF | Quote | Chart | News | PowerRating) |
99 | 33.85 | 4,994,670 | 1,913,200 |
| NetIQ | ( NTIQ | Quote | Chart | News | PowerRating) |
88 | 35.05 | 1,269,900 | 471,700 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Aflac | ( AFL | Quote | Chart | News | PowerRating) |
8 | 24.20 | 1,929,335 | 1,597,800 |
| Golden State Bancorp | ( GSB | Quote | Chart | News | PowerRating) |
7 | 25.12 | 598,485 | 1,582,800 |
| Astoria Financial | ( ASFC | Quote | Chart | News | PowerRating) |
9 | 25.80 | 789,490 | 544,600 |
| FleetBoston Financial | ( FBF | Quote | Chart | News | PowerRating) |
20 | 36.13 | 3,683,015 | 3,767,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alliance Gaming | ( ALLY | Quote | Chart | News | PowerRating) |
96 | 28.46 | 404,283 | 740,900 |
| BJ Services | ( BJS | Quote | Chart | News | PowerRating) |
87 | 34.00 | 3,154,151 | 2,697,200 |
| Cree Research | ( CREE | Quote | Chart | News | PowerRating) |
95 | 31.16 | 1,678,786 | 1,844,200 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BJ’s Wholesale |
|
15 | 43.09 | 997,477 | 854,200 |
| Pediatrix Medical | ( PDX | Quote | Chart | News | PowerRating) |
4 | 33.94 | 561,082 | 543,600 |
Best of luck with your trading Thursday. Please use
protective stops on trades.