Tuesday’s Top Names
The major indices all formed
bearish tails Monday.
This puts the emphasis on the short side, but
remember, all have rallied more than 20% off the October lows. Therefore, lean
to the shorts, but be ready for the momentum to return and be ready if the
buyers show up.
Hottest Sectors:
Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating) and Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating)
and Chemicals
(
$CEX.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 |
Adtran, Inc. |
( ADTN | Quote | Chart | News | PowerRating) |
94 | 34.25 | 508,423 |
462,889 |
| Forest Labs | ( FRX | Quote | Chart | News | PowerRating) |
84 | 109.26 | 1,827,997 | 1,195,900 |
Genzyme |
( GENZ | Quote | Chart | News | PowerRating) |
91 | 35.24 | 3,685,199 |
6,713,125 |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
91 | 74.99 | 871,204 | 1,058,627 |
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 |
| Black & Decker | ( BDK | Quote | Chart | News | PowerRating) |
17 | 41.81 | 811,792 | 959,000 |
| Henry Schein | ( HSIC | Quote | Chart | News | PowerRating) |
8 | 41.40 | 567,557 | 672,686 |
Patterson Dental |
( PDCO | Quote | Chart | News | PowerRating) |
7 | 40.50 | 582,655 |
824,772 |
| United Health | ( UNH | Quote | Chart | News | PowerRating) |
9 | 76.65 | 2,923,648 | 5,051,100 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| NPS Pharmaceuticals | ( NPSP | Quote | Chart | News | PowerRating) |
84 | 30.00 | 666,317 | 835,735 |
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 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
5 | 26.17 | 993,321 | 1,977,234 |
| Activision | ( ATVI | Quote | Chart | News | PowerRating) |
11 | 21.39 | 3,008,259 | 4,162,742 |
| Omnicare, Inc. | ( OCR | Quote | Chart | News | PowerRating) |
17 | 20.85 | 367,882 | 468,400 |
| Laboratory Holdings | ( LH | Quote | Chart | News | PowerRating) |
13 | 24.14 | 2,468,306 | 1,948,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| American Eagle Outfitters | ( AEOS | Quote | Chart | News | PowerRating) |
86 | 20.17 | 1,394,222 | 2,318,000 |
| Artisan Components | ( ARTI | Quote | Chart | News | PowerRating) |
97 | 22.15 | 178,380 | 706,279 |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
91 | 74.99 | 871,204 | 1,058,627 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
5 | 26.17 | 993,321 | 1,977,234 |
| Trimeris | ( TRMS | Quote | Chart | News | PowerRating) |
18 | 43.87 | 503,585 | 2,835,738 |
| Wellchoice | ( WC | Quote | Chart | News | PowerRating) |
N/A | 24.30 | 1,445,080 | 546,400 |
Â
Best of luck with your trading Tuesday. Please
use protective stops on trades.