Tuesday’s Top Names
A down day and weak closes in
the indices point to additional short side action for Tuesday.
There are no market bias signals at this time, so we
have to go on what the charts are telling us. Keep an eye on the long side
candidates that held up well today. If buyers show up, they will likely come
after them first.
Hottest Sectors: Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) and
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors: Telecommunications
(
$XTC.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 |
| Group 1 Automotive | ( GPI | Quote | Chart | News | PowerRating) |
92 | 44.84 | 284,638 | 589,900 |
| Right Management Consultants | ( RMCI | Quote | Chart | News | PowerRating) |
99 | 26.65 | 335,809 | 1,034,700 |
| Hotel Reservations Network |
( ROOM | Quote | Chart | News | PowerRating) |
85 | 64.80 | 655,871 |
717,100 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
93 | 103.64 | 597,002 | 563,400 |
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 |
| Allergan | ( AGN | Quote | Chart | News | PowerRating) |
17 | 67.00 | 1,373,072 | 3,344,800 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
7 | 107.40 | 1,361,097 | 1,410,000 |
Goldman Sachs |
( GS | Quote | Chart | News | PowerRating) |
14 | 84.10 | 3,393,038 |
2,821,500 |
| Northern Trust | ( NTRS | Quote | Chart | News | PowerRating) |
12 | 52.42 | 1,076,892 | 2,243,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ticketmaster | ( TMCS | Quote | Chart | News | PowerRating) |
88 | 28.14 | 563,447 | 468,500 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
96 | 74.48 | 985,152 | 851,900 |
| First Health | ( FHCC | Quote | Chart | News | PowerRating) |
82 | 28.61 | 1,295,990 | 1,009,500 |
| LifePoint Hospitals | ( LPNT | Quote | Chart | News | PowerRating) |
83 | 41.06 | 351,309 | 381,500 |
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 |
| Cablevision Systems of New York | [CVC|CVC} | 1 | 25.80 | 2,408,857 | 468,500 |
| Black Box | ( BBOX | Quote | Chart | News | PowerRating) |
14 | 46.45 | 535,314 | 318,200 |
| Alkermes | ( ALKS | Quote | Chart | News | PowerRating) |
7 | 22.08 | 1,266,433 | 496,100 |
| Fox Entertainment | ( FOX | Quote | Chart | News | PowerRating) |
19 | 24.16 | 838,614 | 500,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Americredit | ( ACF | Quote | Chart | News | PowerRating) |
99 | 45.90 | 2,556,412 | 1,201,300 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
94 | 35.42 | 369,495 | 388,700 |
| SuperValue | ( SVU | Quote | Chart | News | PowerRating) |
86 | 29.15 | 619,935 | 526,600 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Goldman Sachs |
( GS | Quote | Chart | News | PowerRating) |
14 | 84.10 | 3,393,038 |
2,821,500 |
| Krispy Kreme Doughnuts | ( KKD | Quote | Chart | News | PowerRating) |
15 | 35.94 | 623,874 | 1,248,400 |
| Retek | ( RETK | Quote | Chart | News | PowerRating) |
20 | 23.45 | 1,332,568 | 1,070,000 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.