Tuesday’s Stock Watch
The broader
markets were
slightly down today after three days of buying that brought in the
new year. Above average volume on the session wasn’t enough to trump the two
previous days of trading. Stocks on our watch list were mixed, with a new
stock added to the “Building a Base List.”
Market breadth was slightly negative, with
NYSE declining issues over advancing issues by a ratio of 1.14, and down volume
over up volume by a 1.38 ratio. Nasdaq declining issues over advancing
issues came in at 1.21, and down volume beat up volume by a 1.71 ratio.
The Dow Jones Industrial Average
(
$INDU |
Quote |
Chart |
News |
PowerRating) closed down
0.61% to
10,197.05. The S&P 500
(
$SPX |
Quote |
Chart |
News |
PowerRating)
closed down
0.66% to
1,164.76.
The Nasdaq [$COMPQ |$COMPQ] closed down
1.07% to
2,037.12.
| NYSE | NASDAQ | |
| Advancing Issues | 1,468 |
1,662 |
| Declining Issues | 1,676 |
2,012 |
| Advancing Volume |
536,693,000 |
815,447,000 |
| Declining Volume |
742,160,000 |
1,270,988,000 |
| Total Volume | 1,295,134,000 |
2,102,596,000 |
| New 52-week Highs | 26 | 28 |
| New 52-week Lows | 7 | 4 |
Top sectors:
Utility Sector Index (PHLX)
(
$UTY.X |
Quote |
Chart |
News |
PowerRating),
up 0.75 to 332.20.
The Computer Hardware Index (AMEX)
(
$HWI.X |
Quote |
Chart |
News |
PowerRating), up 0.73% to 172.72.
Losing sectors:
TheStreet.com
Internet Sector Index
(
$DOT.X |
Quote |
Chart |
News |
PowerRating)
down 3.19% at 200.7.
GSTI Semiconductor Index
(
$GSM.X |
Quote |
Chart |
News |
PowerRating) down 2.19% to 291.02.
Sectors With New Highs:
Business – 7
Computers – 3
Electronics – 5
Internet – 5
Medical – 3
Regional Banks – 3
REITs – 7
Resorts and Casinos – 3
Semiconductors – 7
Trucking – 4
Watch List Action
Krispy Kreme
(
KKD |
Quote |
Chart |
News |
PowerRating), was down 0.45% on average volume today. The stock is
on the verge of erasing the gains made since its breakout point.
Experiencing distribution today was American Healthways
(
AMHC |
Quote |
Chart |
News |
PowerRating), down
3.35% on twice its average volume. Since this stock’s 10/31 breakout, it has had
10 accumulation days and 5 distribution days.
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.
Copart Inc.
(
CPRT |
Quote |
Chart |
News |
PowerRating), down 2.16% on average volume.
Ebay
(
EBAY |
Quote |
Chart |
News |
PowerRating), down 2.48% on below-average
volume.
Genesis Microchip
(
GNSS |
Quote |
Chart |
News |
PowerRating), down 1.07% on
average volume for a distribution day.
MTR Gaming Group
(
MNTG |
Quote |
Chart |
News |
PowerRating), up 0.37% on
average volume.
Nvidia Corp.
(
NVDA |
Quote |
Chart |
News |
PowerRating), down 2.68% on average volume.
Panera Bread Co.
(
PNRA |
Quote |
Chart |
News |
PowerRating), up 1.41% on
average volume.
PEC Solutions
(
PECS |
Quote |
Chart |
News |
PowerRating), up 2.58% on above-average
volume.
THQ Inc.
(
THQI |
Quote |
Chart |
News |
PowerRating), down 0.96% on average volume.
Company Name |
Symbol |
12 Month RS |
Price |
Price Change |
Average Volume |
| American Healthways Inc. | ( AMHC | Quote | Chart | News | PowerRating) |
96 | 28.48 | – 0.99 | 324,400 |
| Copart Inc. | ( CPRT | Quote | Chart | News | PowerRating) |
87 | 33.91 | – 0.75 | 666,700 |
| Ebay | ( EBAY | Quote | Chart | News | PowerRating) |
89 | 66.80 | – 1.70 | 7,238,200 |
| Genesis Microchip | ( GNSS | Quote | Chart | News | PowerRating) |
99 | 68.01 | – 0.74 | 2,597,800 |
| Krispy Kreme Doughnuts | ( KKD | Quote | Chart | News | PowerRating) |
91 | 41.46 | – 0.19 | 887,900 |
| MTR Gaming Group | ( MNTG | Quote | Chart | News | PowerRating) |
96 | 15.92 | + 0.06 | 487,300 |
| Nvidia Corp. | ( NVDA | Quote | Chart | News | PowerRating) |
98 | 67.75 | – 1.87 | 9,494,700 |
| Panera Bread Co. | ( PNRA | Quote | Chart | News | PowerRating) |
93 | 53.19 | + 0.74 | 284,700 |
| PEC Solutions | ( PECS | Quote | Chart | News | PowerRating) |
98 | 43.62 | + 1.10 | 600,700 |
| THQ Inc. | ( THQI | Quote | Chart | News | PowerRating) |
80 | 51.25 | – 0.50 | 1,593,500 |
Stocks Forming a Handle
Career Education Corp.
(
CECO |
Quote |
Chart |
News |
PowerRating), down 3.35% on below-average volume for a distribution day.
Direct Focus Inc.
(
DFXI |
Quote |
Chart |
News |
PowerRating), up 1.81% on
above-average volume for its second accumulation day in a row.
Integra Lifesciences
(
IART |
Quote |
Chart |
News |
PowerRating) up 3.79% on
above-average
volume for an accumulation day.
Company Name |
Symbol |
12 Month RS |
Price |
Price Change |
Average Volume |
| Career Education Corp. | ( CECO | Quote | Chart | News | PowerRating) |
78 | 33.69 | – 1.17 | 596,100 |
| Direct Focus Inc. | ( DFXI | Quote | Chart | News | PowerRating) |
89 | 30.86 | + 0.55 | 689,900 |
| Integra Lifesciences | ( IART | Quote | Chart | News | PowerRating) |
86 | 27.92 | + 1.02 | 297,700 |
Stocks Building A Base
Multimedia Games Inc.
(
MGAM |
Quote |
Chart |
News |
PowerRating), up 3.85% on
above-average volume for an accumulation day.
Company Name |
Symbol |
12 Month RS |
Price |
Price Change |
Average Volume |
| Multimedia Games Inc. | ( MGAM | Quote | Chart | News | PowerRating) |
99 | 35.31 | + 1.31 | 187,400 |