Tuesday’s Stock Watch

The broader markets

closed up another notch today as traders returned from the holiday weekend
looking to buy. Overall volume was on the light side, though there were a good
number of breakouts to new highs. The Nasdaq showed its superiority, with five
times up volume to down volume, while the NYSE was equally balanced. Today’s
leadership was once again technology, though there were a number of new highs in
the health-care related sectors that have been showing recent strength.


The Dow Jones Industrial Average

(
$INDU |
Quote |
Chart |
News |
PowerRating)
closed up
0.23% to
9,982.75. The S&P 500
(
$SPX |
Quote |
Chart |
News |
PowerRating)
closed up
0.58% to
1,156.99.
The Nasdaq
(
$COMPQ |
Quote |
Chart |
News |
PowerRating)
closed up

2.00% to
1,941.24.



NYSE NASDAQ
Advancing Issues
1,671

2,115
Declining Issues
1,505

1,569
Advancing Volume
647,800,000

1,417,832,000
Declining Volume

407,356,000

275,263,000
Total Volume
1,079,385,000

1,717,258,000
New 52-week Highs 27 38
New 52-week Lows 5 1

Top sector gainers

Morgan Stanley Internet Idx

(
$MOX.X |
Quote |
Chart |
News |
PowerRating)
up
4.19% to
14.42.

Semiconductor Sector Index

(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
up
4.14%
to
532.47.


Biotechnology Index
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)

up 3.01% to 618.

Morgan Stanley Tech Index
(
$MSH.X |
Quote |
Chart |
News |
PowerRating)

up 2.75% to 515.87.

Losing sectors:

None

Sectors With New Highs:

Business Services – 3

Drug Manufacturers – 3

Medical Laboratories and
Research – 2

Medical Instruments and
Supplies – 2

Medical Appliances and
Equipment – 1

PEC
Solutions
(
PECS |
Quote |
Chart |
News |
PowerRating)
had another accumulation day, up 6.40% on over four times
average volume. This stock has been behaving very nicely since its breakout…how
can we complain?




Copart Inc.
(
CPRT |
Quote |
Chart |
News |
PowerRating)
had an accumulation day, up 7.96% on above-average
volume. The company announced earnings after the close that were up 38% from
last year. As a provider to insurance companies and other vehicle suppliers with
services to process, sell, and salvage other vehicles, this company has made it
to our list for exceptional fundamental and technical qualities. With an RS of
93 and last quarter earnings up 53%, the stock has held its presence on our
recent breakout list. This quarter’s earnings should keep it in the running.


Recent Breakouts

We monitor the action of Recent Breakouts as an indicator of the market
health for IT traders. When breakouts are acting well, this is a good sign for
the likelihood of further sustainable breakouts. When breakouts are failing, IT
traders should be even more cautious.

American Healthways Inc.
(
AMHC |
Quote |
Chart |
News |
PowerRating)
down 1.32% on average
volume.

Epiq Systems
(
EPIQ |
Quote |
Chart |
News |
PowerRating)
up 1.49% on average volume.

Genesis Microchip
(
GNSS |
Quote |
Chart |
News |
PowerRating)

up 2.57% on below-average volume for an accumulation day.

Krispy Kreme Doughnuts
(
KKD |
Quote |
Chart |
News |
PowerRating)
down 2% on
below-average volume.

Nvidia Corp.
(
NVDA |
Quote |
Chart |
News |
PowerRating)

up 7.14% on above-average volume for an accumulation day.

Panera Bread Co.
(
PNRA |
Quote |
Chart |
News |
PowerRating)
up 2.01% on above-average volume for an accumulation day.


Company
Name

Symbol

12 Month RS

Price

Price Change

Average
Volume
American Healthways Inc.
(
AMHC |
Quote |
Chart |
News |
PowerRating)
99 28.32 – 0.38 210,500
Copart Inc.
(
CPRT |
Quote |
Chart |
News |
PowerRating)
96 32.81 + 2.42 795,100
EPIQ Systems
(
EPIQ |
Quote |
Chart |
News |
PowerRating)
98 34.00 + 0.51 185,800
Genesis Microchip
(
GNSS |
Quote |
Chart |
News |
PowerRating)
98 48.50 + 1.22 2,426,800
Nvidia Corp.
(
NVDA |
Quote |
Chart |
News |
PowerRating)
94 53.52 + 3.57 9,846,100
Panera Bread Co.
(
PNRA |
Quote |
Chart |
News |
PowerRating)
96 48.64 + 0.96 317,100
Krispy Kreme Doughnuts
(
KKD |
Quote |
Chart |
News |
PowerRating)
95 39.15 – 0.80 846,800
PEC Solutions
(
PECS |
Quote |
Chart |
News |
PowerRating)
98 34.09 + 2.05 402,700

Stocks Forming a Handle

THQ Inc.
(
THQI |
Quote |
Chart |
News |
PowerRating)
was up 2.15% on below-average volume.


Company
Name

Symbol

12 Month RS

Price

Price Change

Average
Volume
THQ Inc.
(
THQI |
Quote |
Chart |
News |
PowerRating)
96 53.13 + 1.12 1,572,500

Stocks Building A Base

Ebay
(
EBAY |
Quote |
Chart |
News |
PowerRating)
up 5.86% on above-average
volume.

Metro One Telecomm Inc
(
MTON |
Quote |
Chart |
News |
PowerRating)
down 1.89% on
below-average volume.

MTR Gaming Group
(
MNTG |
Quote |
Chart |
News |
PowerRating)
was up 6.67% on
above-average volume for an accumulation day.


Company
Name

Symbol

12 Month RS

Price

Price Change

Average
Volume
Ebay
(
EBAY |
Quote |
Chart |
News |
PowerRating)
88 65.16 + 3.61 9,318,900
Metro One Telecomm Inc
(
MTON |
Quote |
Chart |
News |
PowerRating)
96 37.23 – 0.72 783,100
MTR Gaming Group
(
MNTG |
Quote |
Chart |
News |
PowerRating)
95 13.75 + 0.86
306,900

danielb@tradingmarkets.com