Tuesday’s Top Names
The last couple of weeks
demonstrate why traders don’t buy or sell based on simple overbought or
oversold conditions. The art of trading
entails reading the tape and going with the direction the market dictates. If
they want to keep selling it, do so. When the bounce comes, go with it and in
the meantime trade both directions when the opportunities present themselves.
Hottest Sectors: None
Weakest Sectors: Banks
(
$BKX.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 |
| Amazon.com | ( AMZN | Quote | Chart | News | PowerRating) |
93 | 15.50 | 7,582,828 | 9,337,462 |
| Human Genome Sciences | ( HGSI | Quote | Chart | News | PowerRating) |
95 | 15.00 | 3,531,212 | 2,504,892 |
Intergraph Corp. |
( INGR | Quote | Chart | News | PowerRating) |
90 | 14.73 | 568,563 |
242,000 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
88 | 31.29 | 542,412 | 1,063,941 |
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 |
| Accredo Health | ( ACDO | Quote | Chart | News | PowerRating) |
16 | 40.17 | 825,603 | 1,004,679 |
| Capital One Financial | ( COF | Quote | Chart | News | PowerRating) |
1 | 34.10 | 3,825,546 | 9,412,600 |
Hartford Financial |
( HIG | Quote | Chart | News | PowerRating) |
20 | 48.00 | 948,032 |
1,416,700 |
| Omnicom | ( OMC | Quote | Chart | News | PowerRating) |
11 | 47.98 | 3,976,451 | 2,454,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| ConAgra Foods | ( CAG | Quote | Chart | News | PowerRating) |
84 | 21.93 | 1,626,590 | 2,195,500 |
| Cemex | ( CX | Quote | Chart | News | PowerRating) |
99 | 24.50 | 468,276 | 958,300 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
14 | 25.08 | 1,888,785 | 2,231,100 |
| Pfizer | ( PFE | Quote | Chart | News | PowerRating) |
17 | 25.92 | 18,885,518 | 34,291,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| A. Schulman | ( SHLM | Quote | Chart | News | PowerRating) |
91 | 17.98 | 305,802 | 377,004 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
88 | 31.29 | 542,412 | 1,063,941 |
| Moody’s Corp. | ( MCO | Quote | Chart | News | PowerRating) |
92 | 42.53 | 601,563 | 1,218,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Lamar Advertising | ( LAMR | Quote | Chart | News | PowerRating) |
16 | 29.06 | 806,002 | 580,472 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
13 | 93.55 | 582,605 | 607,600 |
| Whirlpool | ( WHR | Quote | Chart | News | PowerRating) |
14 | 51.03 | 575,366 | 1,019,100 |
Best of luck with your trading Tuesday. Please use
protective stops on trades.