Tuesday’s Top Names
We have a multitude of CVR buy
signals still valid from Friday. Since
they can play out within three days, the bias continues to be to the long side
for Tuesday. We are anticipating a snap back, but will continue to trade the
short side if the sellers continue to win out.
Hottest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) and Oil
Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Telecommunications
(
$XTC.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 |
| Fred’s, Inc. | ( FRED | Quote | Chart | News | PowerRating) |
87 | 38.85 | 346,551 | 446,600 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
97 | 109.30 | 632,946 | 670,100 |
Trimeris |
( TRMS | Quote | Chart | News | PowerRating) |
90 | 48.65 | 432,851 |
423,000 |
| Waste Connections | ( WCNX | Quote | Chart | News | PowerRating) |
88 | 35.00 | 407,358 | 404,700 |
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 |
| Advent Software | ( ADVS | Quote | Chart | News | PowerRating) |
19 | 46.20 | 659,606 | 638,400 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
9 | 98.05 | 1,324,342 | 1,767,600 |
DuPont Photomasks |
( DPMI | Quote | Chart | News | PowerRating) |
10 | 37.09 | 272,338 |
822,000 |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating) |
14 | 52.52 | 4,021,989 | 5,625,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pioneer Natural Resources | ( PXD | Quote | Chart | News | PowerRating) |
83 | 24.00 | 903,647 | 385,800 |
| Apria Healthchare | ( AHG | Quote | Chart | News | PowerRating) |
84 | 25.49 | 350,400 | 475,100 |
| Charter One Financial | ( CF | Quote | Chart | News | PowerRating) |
83 | 34.95 | 1,184,723 | 642,300 |
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 |
| Genesis Microchip | ( GNSS | Quote | Chart | News | PowerRating) |
1 | 20.28 | 2,513,985 | 3,203,700 |
| Ameripath | ( PATH | Quote | Chart | News | PowerRating) |
9 | 25.52 | 540,814 | 632,200 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
6 | 29.22 | 13,350,814 | 16,510,900 |
| Verizon Communications | ( VZ | Quote | Chart | News | PowerRating) |
8 | 39.15 | 10,613,809 | 8,001,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
87 | 47.35 | 353,197 | 577,600 |
| Mid Atlantic Medical | ( MME | Quote | Chart | News | PowerRating) |
91 | 36.07 | 282,489 | 242,000 |
| Toll Brothers | ( TOL | Quote | Chart | News | PowerRating) |
93 | 29.58 | 668,449 | 1,239,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Macrovision |
( MVSN | Quote | Chart | News | PowerRating) |
7 | 19.37 | 675,397 |
1,629,000 |
| Synopsys | ( SNPS | Quote | Chart | News | PowerRating) |
13 | 44.20 | 1,243,354 | 2,063,600 |
| Tyco Corp. | ( TYC | Quote | Chart | News | PowerRating) |
1 | 17.00 | 3,090,337 | 99,440,400 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.