Tuesday’s Top Names
Directional bias indicators followed through
Monday, as all three indices finished in the green and strong. This is day one
out of the recent correction, so look for the momentum to continue. Be aware of
market action for reversals, if they occur, as they often come fast and furious.
Remember to protect capital and trail positions as they move in your favor.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
and Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Utilities
(
$UTY.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 |
Immunex |
( IMNX | Quote | Chart | News | PowerRating) |
81 | 29.06 | 11,942,163 |
50,876,600 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
80 | 55.50 | 10,069,972 | 7,973,700 |
McAfee.com |
( MCAF | Quote | Chart | News | PowerRating) |
99 | 35.13 | 482,805 |
819,000 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
82 | 52.83 | 511,674 | 1,131,100 |
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 |
| Allegheny Energy | ( AYE | Quote | Chart | News | PowerRating) |
6 | 33.25 | 610,055 | 1,655,200 |
| Barnes and Noble | ( BKS | Quote | Chart | News | PowerRating) |
10 | 28.18 | 1,481,668 | 866,600 |
| El Paso Group |
( EPG | Quote | Chart | News | PowerRating) |
2 | 46.65 | 3,756,563 |
4,747,400 |
| AirGate PCS | ( PCSA | Quote | Chart | News | PowerRating) |
13 | 46.65 | 391,072 | 1,252,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
FreeMarkets Inc. |
( FMKT | Quote | Chart | News | PowerRating) |
98 | 23.41 | 3,080,900 |
1,437,704 |
| Copart | ( CPRT | Quote | Chart | News | PowerRating) |
92 | 36.54 | 653,261 | 480,100 |
Computer Associates |
( CA | Quote | Chart | News | PowerRating) |
86 | 36.15 | 2,475,000 | 3,131,252 |
| Kronos Inc. | ( KRON | Quote | Chart | News | PowerRating) |
96 | 49.61 | 474,300 | 302,558 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
AOL-Time Warner |
( AOL | Quote | Chart | News | PowerRating) |
8 | 33.55 | 18,106,900 |
35,824,690 |
| Golden State Bancorp | ( GSB | Quote | Chart | News | PowerRating) |
7 | 24.90 | 447,300 | 645,528 |
| Toys ‘R’ Us |
( TOY | Quote | Chart | News | PowerRating) |
11 | 20.00 | 1,686,100 | 1,986,766 |
| Merck | ( MRK | Quote | Chart | News | PowerRating) |
4 | 57.17 | 12,710,800 | 12,825,547 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Aviron | ( AVIR | Quote | Chart | News | PowerRating) |
98 | 48.93 | 924,422 | 1,642,900 |
Immunex |
( IMNX | Quote | Chart | News | PowerRating) |
81 | 29.06 | 11,942,163 |
50,876,600 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
97 | 68.00 | 9,877,509 | 7,991,700 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Fleming Companies | ( FLM | Quote | Chart | News | PowerRating) |
7 | 20.65 | 960,969 | 1,836,600 |
| Toys ‘R’ Us |
( TOY | Quote | Chart | News | PowerRating) |
11 | 20.00 | 1,686,100 | 1,986,766 |
| Williams Companies | ( WMB | Quote | Chart | News | PowerRating) |
2 | 20.95 | 2,909,691 | 7,053,200 |
Best of luck with your trading Tuesday. Please use
protective stops on trades.