Tuesday’s Top Names
Tonight’s focus continues to be to the short
side, as the correction continues, with the indices trading in day two of a
pullback from high, combined with a weak close. Keep in mind however, that Fed
announces its decision on interest rates Tuesday, so trading could be thin ahead
of the announcement and likely volatile afterwards. Stay on your toes after the
announcement for the usual FOMC “Shake-and-Bake”.
Hottest Sectors: Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) and Internets
(
$DOT.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Retail
(
$RLX.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 |
Christopher and Banks |
( CHBS | Quote | Chart | News | PowerRating) |
91 | 44.40 | 439,048 |
209,600 |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
99 | 38.43 | 8,606,603 | 10,633,300 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
97 | 61.47 | 2,425,875 |
2,951,200 |
| Sage, Inc. | ( SAGI | Quote | Chart | News | PowerRating) |
97 | 34.56 | 491,403 | 220,100 |
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 |
| Alpha Industries | ( AHAA | Quote | Chart | News | PowerRating) |
18 | 23.95 | 2,683,943 | 3,382,000 |
| Cardinal Health | ( CAH | Quote | Chart | News | PowerRating) |
14 | 64.77 | 2,432,092 | 1,947,200 |
Cubist Pharmaceuticals |
( CBST | Quote | Chart | News | PowerRating) |
5 | 33.50 | 801,446 |
597,600 |
| Integrated Device Technology | ( IDTI | Quote | Chart | News | PowerRating) |
9 | 23.11 | 2,893,014 | 6,585,600 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Guidant Corp. | ( GDT | Quote | Chart | News | PowerRating) |
86 | 49.23 | 2,419,861 | 1,761,300 |
| Jabil Circuit | ( JBL | Quote | Chart | News | PowerRating) |
86 | 29.31 | 1,790,390 | 1,015,300 |
Sanmina |
( SANM | Quote | Chart | News | PowerRating) |
94 | 23.50 | 10,477,009 |
21,081,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| InVision | ( INVN | Quote | Chart | News | PowerRating) |
94 | 34.10 | 2,055,842 | 7,210,800 |
| Boston Scientific | ( BSX | Quote | Chart | News | PowerRating) |
81 | 25.57 | 2,269,929 | 3,125,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| AOL Time-Warner | ( AOL | Quote | Chart | News | PowerRating) |
4 | 31.00 | 21,044,355 | 32,554,800 |
| SunTrust Banks | ( STI | Quote | Chart | News | PowerRating) |
19 | 63.03 | 828,157 | 867,400 |
| Walgreen’s | ( WAG | Quote | Chart | News | PowerRating) |
15 | 31.96 | 2,811,066 | 2,985,500 |
Best of luck with your trading Tuesday. Please
use protective stops on trades.