Tuesday’s Top Names
All three of the major indices
broke down below their 20-day moving averages and closed in the bottom of the
range.
This puts the momentum in the bear camp, most
likely. Lean in that direction until the wind tells you it is coming from the
other side. The best setups tonight are to the short side.
Hottest Sectors:
None.
Weakest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Semiconductors
(
$SOX.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 |
Immucor |
( BLID | Quote | Chart | News | PowerRating) |
92 | 23.95 | 334,924 |
392,924 |
| Cephalon | ( CEPH | Quote | Chart | News | PowerRating) |
85 | 56.20 | 2,103,149 | 2,944,091 |
Wilson Greatbatch Technologies |
( GB | Quote | Chart | News | PowerRating) |
81 | 29.89 | 162,943 |
84,500 |
| Ryanair Holdings | ( RYAAY | Quote | Chart | News | PowerRating) |
92 | 44.23 | 265,833 | 194,900 |
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 |
| Borg Warner Automotive | ( BWA | Quote | Chart | News | PowerRating) |
15 | 44.50 | 337,100 | 150,300 |
| HCA Inc. | ( HCA | Quote | Chart | News | PowerRating) |
9 | 36.94 | 3,568,478 | 3,414,200 |
Investment Technology Group |
( ITG | Quote | Chart | News | PowerRating) |
8 | 25.65 | 405,215 |
424,200 |
| Lockheed Martin | ( LMT | Quote | Chart | News | PowerRating) |
16 | 54.60 | 3,127,063 | 2,533,200 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Boston Scientific | ( BSX | Quote | Chart | News | PowerRating) |
86 | 39.00 | 2,501,523 | 1,083,600 |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
82 | 27.65 | 1,899,655 | 2,227,100 |
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 |
| Michael’s Stores | ( MIK | Quote | Chart | News | PowerRating) |
20 | 29.42 | 1,061,008 | 2,312,700 |
| Weyerhauser | ( WY | Quote | Chart | News | PowerRating) |
12 | 42.90 | 1,313,097 | 1,037,200 |
| Wyeth | ( WYE | Quote | Chart | News | PowerRating) |
19 | 34.35 | 6,315,263 | 2,749,400 |
| International Paper | ( IP | Quote | Chart | News | PowerRating) |
16 | 33.86 | 3,254,934 | 1,835,500 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
American Electric Power |
( AEP | Quote | Chart | News | PowerRating) |
82 | 25.38 | 4,151,622 |
2,325,400 |
| Sharper Image | ( SHRP | Quote | Chart | News | PowerRating) |
88 | 23.41 | 205,067 | 184,925 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Daimler Chrysler | ( DCX | Quote | Chart | News | PowerRating) |
9 | 32.36 | 731,665 | 398,800 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
12 | 43.05 | 477,457 | 665,400 |
| U.S. Freightways | ( USFC | Quote | Chart | News | PowerRating) |
20 | 28.60 | 268,275 | 92,949 |
Â
Best of luck with your trading Tuesday. Please
use protective stops on trades.