Tuesday’s Top Names
A third CVR buy signal,
coupled with the two from Friday night has us looking for a potential bounce.
That does not mean it will happen,
however. Keep some short candidates ready in the bullpen in case the sellers win
the battle Tuesday morning. The chart patterns in the indices are still pointing
to the downside.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and Banks
(
$BKX.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 |
| Amkor Technology | ( AMKR | Quote | Chart | News | PowerRating) |
84 | 21.60 | 1,101,157 | 860,200 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
97 | 72.14 | 912,815 | 1,195,300 |
Multimedia Gaming |
( MGAM | Quote | Chart | News | PowerRating) |
88 | 35.22 | 259,595 |
234,000 |
| Patterson-UTI Energy | ( PTEN | Quote | Chart | News | PowerRating) |
81 | 29.41 | 1,317,192 | 1,024,000 |
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 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
7 | 57.03 | 1,323,603 | 1,049,300 |
| Electronic Data Services | ( EDS | Quote | Chart | News | PowerRating) |
6 | 51.55 | 4,042,878 | 2,312,000 |
General Electric |
( GE | Quote | Chart | News | PowerRating) |
19 | 31.85 | 24,888,972 |
64,543,300 |
| Goldman Sachs | ( GS | Quote | Chart | News | PowerRating) |
16 | 81.60 | 3,436,343 | 2,482,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amkor Technology | ( AMKR | Quote | Chart | News | PowerRating) |
84 | 21.60 | 1,101,157 | 860,200 |
| Mandalay Resort Group | ( MBG | Quote | Chart | News | PowerRating) |
84 | 32.85 | 554,409 | 793,800 |
| OSI Systems | ( OSIS | Quote | Chart | News | PowerRating) |
87 | 24.30 | 592,119 | 659,600 |
| Cooper Tire | ( CTB | Quote | Chart | News | PowerRating) |
93 | 23.45 | 480,761 | 411,900 |
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 |
| Scientific Atlanta | ( SFA | Quote | Chart | News | PowerRating) |
8 | 20.50 | 1,965,371 | 3,340,700 |
| Jack Henry | ( JKHY | Quote | Chart | News | PowerRating) |
20 | 21.30 | 692,185 | 579,200 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
7 | 57.03 | 1,323,603 | 1,049,300 |
| PEC Solutions | ( PECS | Quote | Chart | News | PowerRating) |
2 | 20.28 | 597,280 | 396,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
82 | 76.77 | 660,925 | 903,400 |
| Precision Drilling | ( PDS | Quote | Chart | News | PowerRating) |
80 | 31.15 | 269,229 | 422,100 |
| Patterson-UTI Energy | ( PTEN | Quote | Chart | News | PowerRating) |
81 | 29.41 | 1,317,192 | 1,024,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
General Electric |
( GE | Quote | Chart | News | PowerRating) |
19 | 31.85 | 24,888,972 |
64,543,300 |
| News Corp. | ( NWS | Quote | Chart | News | PowerRating) |
11 | 26.30 | 910,291 | 261,200 |
Verizon Communications |
( VZ | Quote | Chart | News | PowerRating) |
13 | 41.38 | 5,703,448 |
6,411,500 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.