Tuesday’s Top Names
Let the buyers beware?
A CVR VI sell setup is in place Monday night
for Tuesday’s session. However, only one signal does not give a really strong
indication, so wait for follow through to the downside to show up. The move
upward in the last couple of hours today was encouraging. The FOMC meets
tomorrow as well, so trading could be thin ahead of the decision on interest
rates.
Hottest Sectors: High Technology
(
$PSE.X |
Quote |
Chart |
News |
PowerRating)
and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating).
Tuesday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Devon Energy | ( DVN | Quote | Chart | News | PowerRating) |
91 | 48.21 | 1,252,218 | 1,481,600 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
98 | 65.48 | 761,895 | 985,600 |
| L-3 Communications |
( LLL | Quote | Chart | News | PowerRating) |
83 | 116.30 | 662,738 |
551,500 |
| Hotel Reservations Network | ( ROOM | Quote | Chart | News | PowerRating) |
98 | 68.10 | 423,085 | 1,267,400 |
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 |
| Brocade | ( BRCD | Quote | Chart | News | PowerRating) |
4 | 23.10 | 15,945,282 | 35,386,000 |
| Electronics Boutique Holdings | ( ELBO | Quote | Chart | News | PowerRating) |
7 | 31.38 | 398,082 | 1,602,600 |
QLogic |
( QLGC | Quote | Chart | News | PowerRating) |
20 | 46.72 | 9,529,958 |
11,632,100 |
| Waters Corp. | ( WAT | Quote | Chart | News | PowerRating) |
8 | 31.45 | 1,638,252 | 5,620,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Weatherford International |
( WFT | Quote | Chart | News | PowerRating) |
89 | 49.60 | 2,006,400 |
1,344,200 |
| Emmis Communications | ( EMMS | Quote | Chart | News | PowerRating) |
95 | 29.97 | 547,504 | 667,700 |
| Noble Drilling | ( NE | Quote | Chart | News | PowerRating) |
88 | 40.40 | 2,095,085 | 2,087,100 |
| Mandalay Resort Groups | ( MBG | Quote | Chart | News | PowerRating) |
81 | 30.71 | 778,085 | 535,400 |
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 |
| Waters Corp. | ( WAT | Quote | Chart | News | PowerRating) |
8 | 31.45 | 1,638,252 | 5,620,600 |
| VeriSign | ( VRSN | Quote | Chart | News | PowerRating) |
20 | 29.47 | 7,639,266 | 4,286,400 |
| International Game Technology | ( IGT | Quote | Chart | News | PowerRating) |
12 | 61.50 | 1,058,514 | 1,335,800 |
| Brown & Brown | ( BRO | Quote | Chart | News | PowerRating) |
19 | 30.14 | 509,861 | 462,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Nabors Industries | ( NBR | Quote | Chart | News | PowerRating) |
85 | 41.81 | 2,129,625 | 2,653,400 |
| Tidewater | ( TDW | Quote | Chart | News | PowerRating) |
90 | 43.13 | 783,820 | 826,500 |
| United Rentals | ( URI | Quote | Chart | News | PowerRating) |
96 | 30.53 | 410,412 | 729,300 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Brocade | ( BRCD | Quote | Chart | News | PowerRating) |
4 | 23.10 | 15,945,282 | 35,386,000 |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
2 | 26.54 | 10,236,686 | 11,154,400 |
| Merck | ( MRK | Quote | Chart | News | PowerRating) |
19 | 58.79 | 7,058,815 |
12,977,200 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.