Tuesday’s Stock Watch

• June 10, 2002
• TradingMarkets Editors

The markets turned in a
mixed performance today, with overall volume coming in slightly below average.
The biggest advances were in airlines, pharmaceuticals, retail,
healthcare, and biotechnology. The biggest decliners were gold and silver, oil
service, and Internet. In the 52-week highs department, only health services was
able to come in with at least 10 as a group. Stocks on our watch list were
mostly higher.

Market breadth was mixed, 
with NYSE advancing issues over declining issues by a ratio of 1.05, and up
volume over down volume by a 1.04 ratio. Nasdaq declining issues over advancing issues came in
at 1.20, and down volume beat up volume by a 1.57 ratio.

The Dow Jones Industrial Average
(
$INDU |
Quote |
Chart |
News |
PowerRating) closed up 0.58% at 9645.40. The S&P 500
(
$SPX |
Quote |
Chart |
News |
PowerRating)
closed up 0.31% at 1030.74.
The Nasdaq
(
$COMPQ |
Quote |
Chart |
News |
PowerRating) closed
down 0.31% at 1530.69.

 

Top sectors:

Airline Index
(
$XAL.X |
Quote |
Chart |
News |
PowerRating), up 2.56% at
78.35, and the

Pharmaceuticals Index
(
$DRG.X |
Quote |
Chart |
News |
PowerRating),
up 1.84% at 322.80.

Losing sectors:

Gold and Silver Index
(
$XAU.X |
Quote |
Chart |
News |
PowerRating), down 4.54% at
75.17, and the

Oil Service Sector Index
(
$OSX.X |
Quote |
Chart |
News |
PowerRating), down 3.00% at
96.54.

Sectors with Most New 52-Week Highs:

Health Services – 10

Watch List Action:

Christopher & Banks Corp.
(
CHBS |
Quote |
Chart |
News |
PowerRating) rose 1.61% on less than half its
average volume. This stock has been decreasing its volume on its ascent, and
faces resistance at the 42 area.

Chicos FAS Inc.
(
CHS |
Quote |
Chart |
News |
PowerRating) gained 0.561% on below average volume. So far this
stock’s breakout a month ago is sticking, but not advancing like we would hope.

Recent Breakouts

size=2>

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.

Chicos FAS Inc.
(
CHS |
Quote |
Chart |
News |
PowerRating), up 0.56% on
below-average volume.

Christopher & Banks Corporation
(
CHBS |
Quote |
Chart |
News |
PowerRating), up
1.60% on less than half its average volume.

Group 1 Automotive
(
GPI |
Quote |
Chart |
News |
PowerRating), down 1.75% on
below-average volume for a slight distribution day.

size=2>Panera Bread Co
(
PNRA |
Quote |
Chart |
News |
PowerRating), up 0.98%

on above-average
volume.

color=#ffffff size=2>Company Name	color=#ffffff size=2>Symbol	color=#ffffff size=2>12 Month RS	color=#ffffff size=2>Price	color=#ffffff size=2>Price Change	color=#ffffff size=2>Average Volume	Pivot	52-Week High
Chicos FAS Inc.	( CHS | Quote | Chart | News | PowerRating)	93	41.23	+ 0.23	703,100	38.08	42
Christopher & Banks	( CHBS | Quote | Chart | News | PowerRating)	93	41.75	+ 0.66	414,200	33.60	42.45
Group 1 Automotive	( GPI | Quote | Chart | News | PowerRating)	77	39.78	– 0.71	276,400	42.23	50.08
size=2>Panera Bread Co	size=2> ( PNRA | Quote | Chart | News | PowerRating)	92	69.80	+ 0.68	459,500	66.23	73.60

Stocks Forming a Handle

color=#ffffff size=2>Company Name	color=#ffffff size=2>Symbol	color=#ffffff size=2>12 Month RS	color=#ffffff size=2>Price	color=#ffffff size=2>Price Change	color=#ffffff size=2>Average Volume	Pivot
None	Â	Â	Â	Â	Â	Â

Stocks Building A Base

color=#ffffff size=2>Company Name	color=#ffffff size=2>Symbol	color=#ffffff size=2>12 Month RS	color=#ffffff size=2>Price	color=#ffffff size=2>Price Change	color=#ffffff size=2>Average Volume
None	Â	Â	Â	Â	Â

href=”mailto:danielb@tradingmarkets.com”>danielb@tradingmarkets.com

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