Tuesday’s Top Names
A third day up and a third
close in the top of the range in the indices.
Is this a counter trend rally off the lows, or a
start of some more upside action? No one truly knows. The trend following camp
points to the action as a shorting opportunity, and they may be right. But snap
backs from oversold conditions can be sharp and fierce, so be wary. I still like
the long setups better, but be ready to go either way.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
and Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating)
and Utilities
(
$UTY.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 |
Amerisource Bergen |
( ABC | Quote | Chart | News | PowerRating) |
93 | 74.93 | 1,155,180 |
680,000 |
| Coventry Healthcare | ( CVH | Quote | Chart | News | PowerRating) |
95 | 36.00 | 593,768 | 938,300 |
| Henry Schein |
( HSIC | Quote | Chart | News | PowerRating) |
92 | 55.56 | 416,882 |
668,775 |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
91 | 52.20 | 840,877 | 814,909 |
Â
3 Month RS of 30 or lower
and close in bottom part of range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ashland | ( ASH | Quote | Chart | News | PowerRating) |
24 | 25.17 | 605,445 | 321,700 |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
24 | 21.01 | 1,559,553 | 1,970,400 |
General Motors |
( GM | Quote | Chart | News | PowerRating) |
27 | 33.26 | 5,775,266 |
7,888,200 |
| OM Group | ( OMG | Quote | Chart | News | PowerRating) |
24 | 39.20 | 234,837 | 145,400 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Trimeris | ( TRMS | Quote | Chart | News | PowerRating) |
92 | 47.99 | 531,895 | 715,015 |
| Scholastic Corp. | ( SCHL | Quote | Chart | News | PowerRating) |
96 | 48.99 | 435,052 | 641,810 |
| Coca-Cola | ( KO | Quote | Chart | News | PowerRating) |
85 | 52.55 | 4,186,900 | 5,571,937 |
| Pharmacia | ( PHA | Quote | Chart | News | PowerRating) |
94 | 41.57 | 4,609,300 | 7,984,557 |
Â
3 Month RS of 30 and lower
with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
13 | 20.57 | 740,000 | 903,931 |
| Flour Corp. | ( FLR | Quote | Chart | News | PowerRating) |
18 | 21.36 | 715,000 | 661,095 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Amerisource Bergen |
( ABC | Quote | Chart | News | PowerRating) |
93 | 74.93 | 1,155,180 |
680,000 |
| Patterson Energy | ( PTEN | Quote | Chart | News | PowerRating) |
86 | 27.44 | 1,220,673 | 1,010,579 |
| St. Jude Medical | ( STJ | Quote | Chart | News | PowerRating) |
87 | 37.70 | 1,203,522 | 1,405,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Bowater | ( BOW | Quote | Chart | News | PowerRating) |
30 | 34.38 | 703,440 | 552,400 |
| Group 1 Automotive | ( GPI | Quote | Chart | News | PowerRating) |
24 | 21.05 | 211,928 | 122,200 |
| Talbot’s | ( TLB | Quote | Chart | News | PowerRating) |
25 | 24.10 | 478,522 | 665,100 |
Â
Best of luck with your trading Monday. Please
use protective stops on trades.