Tuesday’s Top Names
Not much has changed since
Thursday night.
The indices are still pointing that the path of
least resistance is down, in spite of the decent upside action, but weak close
Friday.
So to reiterate, keep an eye to the downside and look to short the
weak candidates unless we see buyers come in. In
that case, we will go after the long side.
Hottest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.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 |
| Accredo Health | ( ACDO | Quote | Chart | News | PowerRating) |
88 | 51.25 | 808,155 | 445,800 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
95 | 70.71 | 610,071 | 597,700 |
J.Jill Group |
( JILL | Quote | Chart | News | PowerRating) |
98 | 25.05 | 335,323 |
227,300 |
| Occidental Petroleum | ( OXY | Quote | Chart | News | PowerRating) |
85 | 29.70 | 1,500,208 | 1,452,400 |
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 |
| DuPont Photomasks | ( DPMI | Quote | Chart | News | PowerRating) |
12 | 24.36 | 258,633 | 132,000 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
14 | 33.55 | 13,368,691 | 10,336,800 |
KLA-Tencor |
( KLAC | Quote | Chart | News | PowerRating) |
9 | 32.89 | 15,637,107 |
10,830,500 |
| Cerner Corp. | ( CERN | Quote | Chart | News | PowerRating) |
15 | 37.36 | 725,159 | 298,000 |
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) |
87 | 29.15 | 2,270,475 | 902,800 |
| Occidental Petroleum | ( OXY | Quote | Chart | News | PowerRating) |
85 | 29.70 | 1,500,208 | 1,452,400 |
| Bank of New York |
( BK | Quote | Chart | News | PowerRating) |
82 | 35.15 | 2,792,738 |
1,942,100 |
| Pfizer | ( PFE | Quote | Chart | News | PowerRating) |
80 | 33.08 | 21,535,843 | 12,345,800 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
7 | 36.29 | 4,139,182 | 2,637,300 |
| PayChex | ( PAYX | Quote | Chart | News | PowerRating) |
9 | 23.40 | 3,688,355 | 2,141,546 |
General Motors |
( GM | Quote | Chart | News | PowerRating) |
20 | 47.86 | 5,388,663 |
2,710,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
95 | 70.71 | 610,071 | 597,700 |
| Mid-Atlantic Medical | ( MME | Quote | Chart | News | PowerRating) |
93 | 36.11 | 692,383 | 339,000 |
| Wellpoint Health | ( WLP | Quote | Chart | News | PowerRating) |
88 | 74.37 | 1,850,625 | 590,300 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| American Capital Strategies | ( ACAS | Quote | Chart | News | PowerRating) |
13 | 21.81 | 709,264 | 1,103,474 |
| Linens ‘n Things | ( LIN | Quote | Chart | News | PowerRating) |
11 | 21.57 | 779,288 | 775,000 |
Best of luck with your trading Tuesday. Please use
protective stops on trades.