Thursday’s Top Names
Stocks opened mixed as they
rang in the New Year on the first trading day in 2002, and after a
brief test in negative territory early in the session, ended the day higher.
Going into Thursday’s trading session, we have a new CVR 1 buy signal triggering
on the close. This, along with the CVR 6 sell signal which triggered on Monday,
could make for a relatively neutral bias.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and
Interactive Internet
(
$IIX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Oil
Services
(
$OSX.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 |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
99 | 42.06 | 9,219,300 | 12,183,100 |
| Network Appliance | ( NTAP | Quote | Chart | News | PowerRating) |
99 | 23.78 | 12,895,300 | 7,783,600 |
| Mcafee | ( MCAF | Quote | Chart | News | PowerRating) |
98 | 34.31 | 510,600 | 1,026,900 |
| McData | ( MCDT | Quote | Chart | News | PowerRating) |
97 | 27.71 | 1,674,400 | 1,228,900 |
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 |
| Biogen, Inc | ( BGEN | Quote | Chart | News | PowerRating) |
18 | 56.29 | 2,966,500 | 2,160,700 |
| Human Genome Sciences | ( HGSI | Quote | Chart | News | PowerRating) |
14 | 32.79 | 2,749,200 | 3,409,100 |
Adminstaff |
( ASF | Quote | Chart | News | PowerRating) |
12 | 26.01 | 386,400 | 621,600 |
| THQ Inc | ( THQI | Quote | Chart | News | PowerRating) |
12 | 46.86 | 1,568,400 | 1,905,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| USA Networks | ( USAI | Quote | Chart | News | PowerRating) |
85 | 27.82 | 3,462,900 | 2,799,600 |
| Symantec | ( SYMC | Quote | Chart | News | PowerRating) |
92 | 67.11 | 2,142,900 | 1,293,400 |
| Internet Security Solutions | ( ISSX | Quote | Chart | News | PowerRating) |
99 | 31.70 | 2,494,100 | 1,234,300 |
| Iona Tech | ( IONA | Quote | Chart | News | PowerRating) |
98 | 20.03 | 343,100 | 459,600 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Bellsouth | ( BLS | Quote | Chart | News | PowerRating) |
5 | 39.30 | 3,011,300 | 2,456,000 |
| Province Healthcare | ( PRHC | Quote | Chart | News | PowerRating) |
8 | 30.55 | 645,300 | 528,400 |
| Advance PCS | [ADVP|ADVP | 5 | 31.63 | 2,628,700 | 2,278,200 |
| Alpha Industries | ( AHAA | Quote | Chart | News | PowerRating) |
14 | 22.11 | 2,843,800 | 1,744,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Atlantic Coast Airlines |
( ACAI | Quote | Chart | News | PowerRating) |
89 | 23.05 | 521,000 | 181,900 |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
99 | 42.06 | 9,219,300 | 12,183.100 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Biogen | ( BGEN | Quote | Chart | News | PowerRating) |
19 | 52.29 | 2,966,500 | 2,160,700 |
| Cabot Corp | ( CBT | Quote | Chart | News | PowerRating) |
3 | 35.05 | 343,800 | 218,900 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.