Tuesday’s Top Names

While the market continues to churn into more and
more overbought territory
, all we can do as traders is follow the tape. Strong
closes are bullish, weak closes are bearish. Monday, we had all three major
indices close at the top of their range, so go with the charts for now, then
follow the intraday trend when it becomes apparent. Continue to pick and choose
your spots and remain aware of news, as this is a market that could explode or
implode depending on how it processes information regarding outside factors.

Hottest Sectors: Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
and
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating)
.

Weakest Sectors: Semiconductors
(
$SOX.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


Aviron

(
AVIR |
Quote |
Chart |
News |
PowerRating)
88 37.25
680,974

538,100
Brocade Communications
(
BRCD |
Quote |
Chart |
News |
PowerRating)
93 33.02 16,908,246 19,980,400
Check
Point Software

(
CHKP |
Quote |
Chart |
News |
PowerRating)
95 42.48
10,005,622

9,208,800
ImClone Systems
(
IMCL |
Quote |
Chart |
News |
PowerRating)
87 63.34 2,264,735 2,624,500

 

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

BJ Wholesale Club
(
BJ |
Quote |
Chart |
News |
PowerRating)
13 43.70 719,075 4,375,800
CSG Systems
(
CSGS |
Quote |
Chart |
News |
PowerRating)
3 33.60 662,266 3,065,200

Direct Focus

(
DFXI |
Quote |
Chart |
News |
PowerRating)
11 26.60
587,925

2,380,500
Medtronic
(
MDT |
Quote |
Chart |
News |
PowerRating)
17 41.00 4,276,280 3,268,700


3 Month RS of 80
and higher with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume


Mercury Interactive

(
MERQ |
Quote |
Chart |
News |
PowerRating)
86 33.98
3,755,672

5,415,600
Macromedia
(
MACR |
Quote |
Chart |
News |
PowerRating)
98 23.72 1,791,072 798,900
Millennium Pharmaceuticals
(
MLNM |
Quote |
Chart |
News |
PowerRating)
90 32.00 3,157,400 3,185,300
Myriad Genetics
(
MYGN |
Quote |
Chart |
News |
PowerRating)
92 56.98 957,786 1,011,800

 

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Automatic Data Processing
(
ADP |
Quote |
Chart |
News |
PowerRating)
80 56.97 1,853,217 1,514,500
F5 Networks
(
FFIV |
Quote |
Chart |
News |
PowerRating)
99 23.37 673,482 562,900
Guidant Corp.
(
GDT |
Quote |
Chart |
News |
PowerRating)
82 46.41 2,819,298 2,699,900

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

GATX Corp.
(
GMT |
Quote |
Chart |
News |
PowerRating)
11 29.75 332,938 409,200

Starwood Hotels

(
HOT |
Quote |
Chart |
News |
PowerRating)
18 18
2,583,443

1,421,200
Myriad Genetics
(
MYGN |
Quote |
Chart |
News |
PowerRating)
92 56.98 957,786 1,011,800

 

Best of luck with your trading Tuesday. Please use
protective stops on trades.