Tuesday’s Top Names
The indices continue to run toward the tops of
their trend channels, each making a third consecutive strong close in the top of
its daily range. Short term, the momentum should continue, but be aware and ready
for when the music stops. The S&P
(
$SPX.X |
Quote |
Chart |
News |
PowerRating) appears to have room to run to
1186, while the Nasdaq
(
$COMPX |
Quote |
Chart |
News |
PowerRating) has its next resistance at 1998. Two key
economic reports are due for release Tuesday at 10:00 AM ET – existing home
sales for October and the consumer confidence numbers.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Tuesday’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 |
Broadcom |
( BRCM | Quote | Chart | News | PowerRating) |
96 | 49.99 | 14,188,303 |
16,709,000 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
80 | 50.55 | 1,029,288 | 1,315,600 |
| Maxim Integrated Products |
( MXIM | Quote | Chart | News | PowerRating) |
81 | 55.13 | 6,050,688 |
7,344,800 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
88 | 53.52 | 8,075,896 | 9,983,200 |
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 |
| AdvancePCS | ( ADVP | Quote | Chart | News | PowerRating) |
4 | 28.20 | 1,399,063 | 999,600 |
| Chiron | ( CHIR | Quote | Chart | News | PowerRating) |
14 | 44.08 | 2,651,960 | 6,748,100 |
Pharmaceutical Product Development |
( PPDI | Quote | Chart | News | PowerRating) |
10 | 25.06 | 829,671 |
986,000 |
| Constellation Brands | ( STZ | Quote | Chart | News | PowerRating) |
14 | 38.25 | 324,860 | 1,149,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
89 | 70.81 | 3,776,420 | 4,973,100 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
80 | 50.55 | 1,029,288 | 1,315,600 |
| Scios | ( SCIO | Quote | Chart | News | PowerRating) |
94 | 27.86 | 864,606 |
633,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| CV Therapeutics | ( CVTX | Quote | Chart | News | PowerRating) |
95 | 55.60 | 872,825 | 626,400 |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating) |
88 | 70.31 | 3,465,362 | 3,327,000 |
| Maxim Integrated Products | ( MXIM | Quote | Chart | News | PowerRating) |
81 | 55.13 | 6,050,688 | 7,344,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Anadarko Petroleum | ( APC | Quote | Chart | News | PowerRating) |
16 | 52.40 | 2,686,746 | 2,709,600 |
| Devon Energy |
( DVN | Quote | Chart | News | PowerRating) |
2 | 34.11 | 1,575,289 | 1,381,400 |
| Integra Lifesciences | ( IART | Quote | Chart | News | PowerRating) |
6 | 23.98 | 339,811 |
955,500 |
Best of luck with your trading Tuesday. Please use
protective stops on trades.