Thursday’s Top Names
While the market was
strong in spots, with the Dow
(
$INDU |
Quote |
Chart |
News |
PowerRating) and the S&P
(
$SPX |
Quote |
Chart |
News |
PowerRating) ending the session positive, the Volatility Index
(
$VIX.X |
Quote |
Chart |
News |
PowerRating)
is at levels not seen since September. When the VIX gets that low it is a heads
up that the bulls may be in trouble. Continue to trade what you see, but be
aware of the possibility of an impending correction.
Hottest Sectors:
Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.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 |
| BJ Sevices |
( BJS | Quote | Chart | News | PowerRating) |
82 | 31.00 | 3,351,880 |
4,058,100 |
| Furniture Brands, Inc. | ( FBN | Quote | Chart | News | PowerRating) |
84 | 32.31 | 357,220 | 852,000 |
Nabors Industries |
( NBR | Quote | Chart | News | PowerRating) |
82 | 33.86 | 2,727,572 |
2,426,600 |
| Pharmaceutical Product Development | ( PPDI | Quote | Chart | News | PowerRating) |
83 | 32.84 | 982,055 | 1,651,600 |
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 |
| Alpha Industries | ( AHAA | Quote | Chart | News | PowerRating) |
2 | 25.05 | 2,907,557 | 4,653,200 |
| Altera | ( ALTR | Quote | Chart | News | PowerRating) |
18 | 22.30 | 8,255,625 | 10,888,900 |
AirGate PCS |
( PCSA | Quote | Chart | News | PowerRating) |
13 | 45.30 | 415,006 |
501,000 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
9 | 57.60 | 1,331,365 | 1,535,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Krispy Kreme Doughnuts |
( KKD | Quote | Chart | News | PowerRating) |
86 | 42.95 | 839,142 |
2,198,400 |
| Direct Focus, Inc. | ( DFXI | Quote | Chart | News | PowerRating) |
87 | 31.33 | 774,395 | 1,067,700 |
| Quest Software |
( QSFT | Quote | Chart | News | PowerRating) |
87 | 23.36 | 1,391,942 | 582,500 |
| PRI Automation | ( PRIA | Quote | Chart | News | PowerRating) |
92 | 21.50 | 532,633 | 564,300 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Invitrogen |
( IVGN | Quote | Chart | News | PowerRating) |
20 | 61.43 | 1,426,495 |
1,180,300 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
9 | 57.60 | 1,331,365 | 1,535,000 |
| Cooper Industries | ( CBE | Quote | Chart | News | PowerRating) |
1 | 35.75 | 1,176,047 | 542,700 |
| McKesson HBOC | ( MCK | Quote | Chart | News | PowerRating) |
15 | 37.11 | 1,168,295 | 848,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
99 | 39.59 | 9,029,962 | 2,988,600 |
Krispy Kreme Doughnuts |
( KKD | Quote | Chart | News | PowerRating) |
86 | 42.95 | 839,142 |
2,198,400 |
| SmartForce | ( SMTF | Quote | Chart | News | PowerRating) |
81 | 23.58 | 1,518,106 | 695,500 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Altera | ( ALTR | Quote | Chart | News | PowerRating) |
18 | 22.30 | 8,255,625 | 10,888,900 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
9 | 57.60 | 1,331,365 | 1,535,000 |
Best of luck with your trading Thursday. Please use
protective stops on trades.