Tuesday’s Top Names
Monday’s price action in
the indices is appearing to show the markets at or approaching a
critical juncture. The Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) looks as if it is going
to test the bottom of its trend channel, while the Dow Industrials
(
$INDU |
Quote |
Chart |
News |
PowerRating)
is hitting its upward trendline. How the indices perform Tuesday and in the days
to follow will be very telling as to where we could be headed. Play both sides
until the market tips its hand.
Hottest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Monday’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 |
| Best Buy |
( BBY | Quote | Chart | News | PowerRating) |
89 | 72.55 | 3,829,571 |
3,608,300 |
| CBRL Group | ( CBRL | Quote | Chart | News | PowerRating) |
80 | 26.62 | 725,674 | 862,700 |
| FLIR Systems |
( FLIR | Quote | Chart | News | PowerRating) |
88 | 42.23 | 382,346 |
312,000 |
| Genesis Microchip | ( GNSS | Quote | Chart | News | PowerRating) |
97 | 58.60 | 2,222,551 | 2,222,200 |
Â
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 |
| Cubist Pharmaceuticals | ( CBST | Quote | Chart | News | PowerRating) |
19 | 33.77 | 688,417 | 1,697,000 |
| El Paso Corp. | ( EPG | Quote | Chart | News | PowerRating) |
14 | 42.24 | 2,771,577 | 5,106,300 |
Golden West Financial |
( GDW | Quote | Chart | News | PowerRating) |
18 | 50.62 | 1,262,794 |
680,100 |
| GATX Corp. | ( GATX | Quote | Chart | News | PowerRating) |
6 | 26.88 | 347,965 | 372,900 |
3 Month RS of 80
and higher with volume surge in last hour
— None today —
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| CBRL Group | ( CBRL | Quote | Chart | News | PowerRating) |
80 | 26.62 | 725,674 | 862,700 |
Convergys |
( CVG | Quote | Chart | News | PowerRating) |
80 | 34.87 | 678,338 |
1,086,100 |
| Gemstar-TV Guide | ( GMST | Quote | Chart | News | PowerRating) |
81 | 28.80 | 4,835,260 | 6,810,700 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alkermes | ( ALKS | Quote | Chart | News | PowerRating) |
16 | 23.55 | 652,566 | 484,600 |
Golden West Financial |
( GDW | Quote | Chart | News | PowerRating) |
18 | 50.62 | 1,262,794 |
680,100 |
| Integrated Device Technology | ( IDTI | Quote | Chart | News | PowerRating) |
17 | 28.40 | 2,693,042 | 1,361,700 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.