Tuesday’s Stock Watch
The markets
were relatively quiet ahead of key data to be released this
week,
with the Dow and the Nasdaq closing slightly up, and the S&P 500 closing
slightly down. Volume was below-average, as semiconductor and Internet issues
led with modest gains, and oil and biotechnology stocks the biggest losers.
The semiconductor and broker/dealer indexes challenged, and closed right near
their 50-day moving averages. Stocks on our watch list were mixed.
Market breadth was slightly positive, with NYSE
advancing issues over declining issues by a ratio of 1.13, and down volume over
up volume by a 1.01 ratio. Nasdaq advancing issues over declining issues came
in at 1.05, and up volume beat down volume by a 1.27 ratio.
The Dow Jones Industrial Average
(
$INDU |
Quote |
Chart |
News |
PowerRating) closed up
0.26% to
9,865.75. The S&P 500
(
$SPX |
Quote |
Chart |
News |
PowerRating)
closed down
0.08% to
1,132.42.
The Nasdaq [$COMPQ |$COMPQ] closed up
0.32% to
1,943.94.
Issues
573,575,000
810,586,000
580,447,000
636,551,000
Volume
1,167,322,000
1,465,539,000
Highs
Top sectors:
Nasdaq Combined
Transport Index
(
$TRANX.X |
Quote |
Chart |
News |
PowerRating) up 2.26% at 1387.85
Semiconductor Sector Index
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) up
1.84% at 545.82.
Losing sectors:
Oil Service Sector Index
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) down
2.98% at 81.93.
Biotechnology Index
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) down
2.95% to 51.20.
Sectors With New
Highs:
Regional Banks – 7 –
(
FVB |
Quote |
Chart |
News |
PowerRating),
(
MRBK |
Quote |
Chart |
News |
PowerRating),
(
VLY |
Quote |
Chart |
News |
PowerRating),
(
CBH |
Quote |
Chart |
News |
PowerRating),
(
CYN |
Quote |
Chart |
News |
PowerRating),
(
BXS |
Quote |
Chart |
News |
PowerRating),
(
ASO |
Quote |
Chart |
News |
PowerRating).
REITs – 7 –
(
EPR |
Quote |
Chart |
News |
PowerRating),
(
CLP |
Quote |
Chart |
News |
PowerRating),
(
SHU |
Quote |
Chart |
News |
PowerRating),
(
PSA |
Quote |
Chart |
News |
PowerRating),
(
MAC |
Quote |
Chart |
News |
PowerRating),
(
MHC |
Quote |
Chart |
News |
PowerRating)
(
GGP |
Quote |
Chart |
News |
PowerRating).
Construction – 5 –
(
NVR |
Quote |
Chart |
News |
PowerRating),
(
SHLR |
Quote |
Chart |
News |
PowerRating),
(
BZH |
Quote |
Chart |
News |
PowerRating),
(
DHI |
Quote |
Chart |
News |
PowerRating),
(
LEN |
Quote |
Chart |
News |
PowerRating).
Business Services – 5 –
(
PXR |
Quote |
Chart |
News |
PowerRating),
(
EEFT |
Quote |
Chart |
News |
PowerRating),
(
REY |
Quote |
Chart |
News |
PowerRating),
(
GTK |
Quote |
Chart |
News |
PowerRating),
(
DRIV |
Quote |
Chart |
News |
PowerRating).
Health Care – 5 –
(
RIT |
Quote |
Chart |
News |
PowerRating),
(
TGH |
Quote |
Chart |
News |
PowerRating),
(
OHP |
Quote |
Chart |
News |
PowerRating),
(
ATH |
Quote |
Chart |
News |
PowerRating),
(
UNH |
Quote |
Chart |
News |
PowerRating).
Packaging and Containers – 4 –
(
PEAK |
Quote |
Chart |
News |
PowerRating),
(
IXX |
Quote |
Chart |
News |
PowerRating),
(
BLL |
Quote |
Chart |
News |
PowerRating),
(
OI |
Quote |
Chart |
News |
PowerRating),
Apparel Stores – 3 –
(
URBN |
Quote |
Chart |
News |
PowerRating),
(
CHS |
Quote |
Chart |
News |
PowerRating),
(
ROST |
Quote |
Chart |
News |
PowerRating).
Restaurants – 4 –
(
CMPP |
Quote |
Chart |
News |
PowerRating),
(
PFCB |
Quote |
Chart |
News |
PowerRating), [
(
CKR |
Quote |
Chart |
News |
PowerRating).
Internet – 3 –
(
TREE |
Quote |
Chart |
News |
PowerRating),
(
TMCS |
Quote |
Chart |
News |
PowerRating),
(
SYMC |
Quote |
Chart |
News |
PowerRating).
Watch List Action
Direct Focus Inc.
(
DFXI |
Quote |
Chart |
News |
PowerRating) closed the day unchanged on below-average
volume. The stock has been consolidating after gapping up on 1/23.
Genesis Microchip
(
GNSS |
Quote |
Chart |
News |
PowerRating) was our biggest gainer of the day, rising 7.26%
on slightly above-average volume. The stock still remains below its 50-day
moving average.
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.
American Healthways Inc.
(
AMHC |
Quote |
Chart |
News |
PowerRating), down 2.92% on
average volume for a distribution day.
size=2>Copart Inc.
(
CPRT |
Quote |
Chart |
News |
PowerRating), up 4.15% on below-average volume for an
accumulation day.
MTR Gaming Group
(
MNTG |
Quote |
Chart |
News |
PowerRating), up 3.38% on below-average
volume.
size=2>PEC Solutions
(
PECS |
Quote |
Chart |
News |
PowerRating), down 2.90% on below-average volume for a
distribution day.
Nvidia Corp.
(
NVDA |
Quote |
Chart |
News |
PowerRating), up 3.84% on below-average volume
for an accumulation day.
Panera Bread Co.
(
PNRA |
Quote |
Chart |
News |
PowerRating), up 3.12% on above-average volume
for an accumulation.
| 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 |
| size=2>American Healthways Inc. | size=2> ( AMHC | Quote | Chart | News | PowerRating) | 97 | 28.50 | – 0.86 | 313,200 |
| size=2>Copart Inc. | size=2> ( CPRT | Quote | Chart | News | PowerRating) | 87 | 23.06 | + 0.92 | 1,000,300 |
| size=2>Direct Focus Inc. | size=2> ( DFXI | Quote | Chart | News | PowerRating) | 92 | 36.50 | + 0.00 | 907,800 |
| size=2>Genesis Microchip | size=2> ( GNSS | Quote | Chart | News | PowerRating) | 98 | 60.25 | + 4.08 | 3,050,000 |
| size=2>MTR Gaming Group | size=2> ( MNTG | Quote | Chart | News | PowerRating) | 96 | 16.14 | + 0.50 | 586,800 |
| size=2>Nvidia Corp. | size=2> ( NVDA | Quote | Chart | News | PowerRating) | 95 | 67.99 | + 2.52 | 9,010,900 |
| size=2>Panera Bread Co. | size=2> ( PNRA | Quote | Chart | News | PowerRating) | 96 | 61.00 | + 1.85 | 273,800 |
| size=2>PEC Solutions | size=2> ( PECS | Quote | Chart | News | PowerRating) | 95 | 26.38 | – 0.79 | 743,100 |
Stocks Forming a Handle
Integra Lifesciences
(
IART |
Quote |
Chart |
News |
PowerRating) up 1.30% on
below-average volume for an accumulation day.
| 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 |
| size=2>Integra Lifesciences | size=2> ( IART | Quote | Chart | News | PowerRating) | 90 | 31.15 | + 0.40 | 344,100 |
Stocks Building A Base
Multimedia Games Inc.
(
MGAM |
Quote |
Chart |
News |
PowerRating), up 0.98% on
below-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 |
| size=2>Multimedia Games Inc. | size=2> ( MGAM | Quote | Chart | News | PowerRating) | size=2>99 | 34.50 | + 0.98 | 187,600 |
href=”mailto:danielb@tradingmarkets.com”>danielb@tradingmarkets.com