Tuesday’s Top Names
Volume was below average on the
session as the broader indices made it five out of six days to the downside.
With today’s percentage losses through major
technical levels, as well as a weak finish for the first day of the week,
momentum would seem to favor the downside going into tomorrow’s trade.
Keep on your toes though, as the lighter
volume, coupled with extended price action, and multiple CVR buy signals (CVR 3,
with 1 & 2 carryovers) could very well produce opportunities to the upside.
Keep both your lists at your desk, ready to trade the trend, but nimble enough
to recognize when it’s time to start changing gears for the climb back up.Â
Hottest Sectors (HOLDR’s): Utilities
(
UTH |
Quote |
Chart |
News |
PowerRating) and Pharmaceuticals
(
PPH |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors (HOLDR’s): Semiconductors
(
SMH |
Quote |
Chart |
News |
PowerRating)
and Software
(
SWH |
Quote |
Chart |
News |
PowerRating).
Tuesday’sHELVETICA> stocks to watch:
color=#000000 Helvetica>3 Month RS of 80 and higher and close in top part of
range
size=2>Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Power Integrations | size=2> ( POWI | Quote | Chart | News | PowerRating) | size=2>83 | 17.72 | 540,000 | 555,095 |
| Royal Gold | size=2> ( RGLD | Quote | Chart | News | PowerRating) | 85 | 21.12 | 378,200 | 756,800 |
| Avid Technology | 95 | size=2>88 | size=2>41.48 | 366,000 | 382,000 |
3 Month RS of 20 or lower and
close in bottom part of range
| color=#ffffff size=2>Company Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| City National | size=2> ( CYN | Quote | Chart | News | PowerRating) | 14 | 42.25 | 384,700 | 433,700 |
| Suntrust Banks | size=2> ( STI | Quote | Chart | News | PowerRating) | 14 | 56.45 | 1,394,000 | 1,108,800 |
| First Third Bancorp | ( FITB | Quote | Chart | News | PowerRating) | 14 | 57.20 | 3,184,000 | 1,751,786 |
3 Month RS of 80 and higher with
volume surge in last hour
None Today
3 Month RS of 20 and lower with
volume surge in last hour
| color=#ffffff size=2>Company Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Honeywell | ( HON | Quote | Chart | News | PowerRating) | 16 | 23.39 | 4,350,000 | 4,092,200 |
| Yum Brands | ( YUM | Quote | Chart | News | PowerRating) | 13 | 22.96 | 2,612,000 | 2,124,700 |
Stocks in Slim
Jims
High RS aface=Arial color=#000000 size=2>t or near high
None Today
Low RS aface=Arial color=#000000 size=2>t or near low
| color=#ffffff size=2>Company Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Activision | ( ATVI | Quote | Chart | News | PowerRating) | 6 | 18.12 | 2,954,566 | 3,585,200 |
| Black & Decker | ( BDK | Quote | Chart | News | PowerRating) | 16 | 40.91 | 886,400 | 476,600 |
| Northrop Grumman | ( NOC | Quote | Chart | News | PowerRating) | 17 | 95.35 | 2,446,100 | 1,245,900 |
Best of luck with your trading Tuesday. Please use
protective stops on trades.