Tuesday’s Top Names
Two-way volatility was the
play on Monday, as the market gave us some good plays in each direction.
On the daily and weekly charts, however, the trend
is still down and remains the main focus. But keep the longs ready just in case
the market continues to give us opportunity in that direction.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Computer Technology
(
$XCI.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
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Career Education | ( CECO | Quote | Chart | News | PowerRating) |
87 | 48.00 | 690,542 | 610,600 |
| InterMune | {ITMN|ITMN] | 99 | 32.82 | 1,455,531 | 2,289,431 |
Procter and Gamble |
( PG | Quote | Chart | News | PowerRating) |
83 | 89.38 | 4,643,477 |
6,662,200 |
| Steris, Inc. | ( STE | Quote | Chart | News | PowerRating) |
95 | 24.91 | 485,251 | 1,123,200 |
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 |
| BJ’s Wholesale Club | ( BJ | Quote | Chart | News | PowerRating) |
4 | 19.01 | 1,210,478 | 1,254,000 |
| Marriott | ( MAR | Quote | Chart | News | PowerRating) |
19 | 28.99 | 1,808,852 | 4,524,900 |
Nucor, Inc. |
( NUE | Quote | Chart | News | PowerRating) |
9 | 37.90 | 924,266 |
722,600 |
| United Surgical Partners | ( USPI | Quote | Chart | News | PowerRating) |
17 | 22.03 | 509,849 | 1,635,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Mylan Labs | ( MYL | Quote | Chart | News | PowerRating) |
88 | 32.74 | 800,889 | 658,800 |
| Stryker Corp. | ( SYK | Quote | Chart | News | PowerRating) |
86 | 57.59 | 750,886 | 1,215,200 |
| Renaissancere, Ltd. | ( RNR | Quote | Chart | News | PowerRating) |
89 | 37.79 | 386,411 | 586,000 |
| Medtronic, Inc. | ( MDT | Quote | Chart | News | PowerRating) |
84 | 42.12 | 4,363,231 | 5,043,700 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Starwood Hotels & Resorts | ( HOT | Quote | Chart | News | PowerRating) |
14 | 22.30 | 2,333,120 | 1,404,800 |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
15 | 22.04 | 1,522,007 | 1,478,407 |
| Fluor Corp. | ( FLR | Quote | Chart | News | PowerRating) |
16 | 24.44 | 625,743 | 661,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Overture Services | ( OVER | Quote | Chart | News | PowerRating) |
85 | 23.57 | 1,448,315 | 2,975,400 |
| Regis Corp. | ( RGIS | Quote | Chart | News | PowerRating) |
89 | 28.29 | 356,265 | 478,252 |
| Techne Corp. | ( TECH | Quote | Chart | News | PowerRating) |
97 | 32.79 | 467,624 | 815,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
19 | 23.40 | 666,428 | 1,040,931 |
| Nucor, Inc. | ( NUE | Quote | Chart | News | PowerRating) |
9 | 37.90 | 924,266 | 722,600 |
| Temple Inland | ( TIN | Quote | Chart | News | PowerRating) |
15 | 38.63 | 619,505 | 705,600 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.