Tuesday’s Top Names
Was Monday’s reflex rally off
the intraday low the start of a tradable rally?
No one knows for sure, but look for it in the event
it comes, and keep the shorts on the side in case it does not materialize. We
are extended enough that the shorts are still ripe for squeezing.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecommunications
(
$XTC.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
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
83 | 38.89 | 1,190,623 | 1,648,300 |
| Movie Gallery | ( MOVI | Quote | Chart | News | PowerRating) |
97 | 20.94 | 663,171 | 426,500 |
| New Century Financial |
( NCEN | Quote | Chart | News | PowerRating) |
98 | 33.00 | 567,172 |
747,700 |
| Scios, Inc. | ( SCIO | Quote | Chart | News | PowerRating) |
81 | 30.36 | 1,267,415 | 1,244,100 |
Â
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 |
| Allegheny Energy | ( AYE | Quote | Chart | News | PowerRating) |
14 | 29.90 | 828,945 | 1,824,300 |
| Monsanto | ( MON | Quote | Chart | News | PowerRating) |
5 | 18.35 | 397,965 | 2,179,600 |
| Taro Pharmaceuticals |
( TARO | Quote | Chart | News | PowerRating) |
17 | 23.84 | 590,083 |
472,800 |
| Veeco Instruments | ( VECO | Quote | Chart | News | PowerRating) |
11 | 21.68 | 577,800 | 1,558,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Lone Star Steakhouse and Saloon | ( STAR | Quote | Chart | News | PowerRating) |
84 | 23.38 | 393,238 | 585,300 |
| Coca-Cola | ( KO | Quote | Chart | News | PowerRating) |
82 | 56.95 | 6,641,866 | 6,691,600 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Invest Tech Group |
( ITG | Quote | Chart | News | PowerRating) |
9 | 31.00 | 595,457 |
846,800 |
| Sunguard Data Systems | ( SDS | Quote | Chart | News | PowerRating) |
15 | 24.55 | 1,518,357 | 1,916,700 |
| Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
9 | 36.31 | 5,098,900 | 5,731,500 |
| Medicis Pharmaceuticals | ( MRX | Quote | Chart | News | PowerRating) |
16 | 42.10 | 520,642 | 392,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pulte Homes | ( PHM | Quote | Chart | News | PowerRating) |
94 | 58.93 | 721,958 | 1,084,900 |
| Pactiv Corp. | ( PTV | Quote | Chart | News | PowerRating) |
90 | 23.84 | 884,089 | 973,600 |
| Scios, Inc. | ( SCIO | Quote | Chart | News | PowerRating) |
81 | 30.36 | 1,267,415 | 1,244,100 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Convergys | ( CVG | Quote | Chart | News | PowerRating) |
9 | 19.31 | 1,001,912 | 4,335,600 |
| Itron, Inc. | ( ITRI | Quote | Chart | News | PowerRating) |
10 | 21.48 | 387,989 | 518,300 |
Scholastic Corp. |
( SCHL | Quote | Chart | News | PowerRating) |
11 | 38.68 | 358,852 |
659,200 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.