Tuesday’s Top Names
Despite a pullback into the
close, it was another solid day for the Dow Industrials
(
$INDU |
Quote |
Chart |
News |
PowerRating).
The Nasdaq
(
$COMPX |
Quote |
Chart |
News |
PowerRating) was not able to
post a positive number, albeit only slightly negative. That being said, the
trend for the past two weeks has been up, which means the momentum may continue,
or we may see a pullback. As daytraders, our job is to be ready for both and
trade the action accordingly.
Hottest Sectors: Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating) and the
Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Computer Tech
(
$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
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Accredo Health | ( ACDO | Quote | Chart | News | PowerRating) |
83 | 51.70 | 675,514 | 1,521,500 |
| Cooper Cameron | ( CAM | Quote | Chart | News | PowerRating) |
89 | 50.00 | 910,351 | 1,995,200 |
Photon Dynamics |
( PHTN | Quote | Chart | News | PowerRating) |
92 | 53.87 | 600,863 |
507,300 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
96 | 94.87 | 477,760 | 634,800 |
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 |
| Comcast Communications | ( CMCSK | Quote | Chart | News | PowerRating) |
14 | 33.75 | 9,671,157 | 1,620,900 |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
12 | 32.01 | 10,227,565 | 5,070,900 |
| Teva Pharmaceuticals |
( TEVA | Quote | Chart | News | PowerRating) |
15 | 53.84 | 978,946 |
4,785,800 |
| United Health | ( UHS | Quote | Chart | News | PowerRating) |
9 | 39.43 | 672,717 | 313,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Newport Corp. |
( NEWP | Quote | Chart | News | PowerRating) |
85 | 26.79 | 1,422,219 |
1,436,000 |
| Photon Dynamics | ( PHTN | Quote | Chart | News | PowerRating) |
92 | 53.87 | 600,863 | 507,300 |
| WebMethods | ( WEBM | Quote | Chart | News | PowerRating) |
92 | 24.02 | 1,069,442 | 1,250,600 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
80 | 144.87 | 730,657 | 346,700 |
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 |
| Plexus | ( PLXS | Quote | Chart | News | PowerRating) |
12 | 25.90 | 783,071 | 537,700 |
| Electronics Boutique Holdings | ( ELBO | Quote | Chart | News | PowerRating) |
8 | 36.16 | 339,328 | 412,100 |
| Estee Lauder | ( EL | Quote | Chart | News | PowerRating) |
19 | 31.76 | 1,222,828 | 1,172,300 |
| Thermo Electron | ( TMO | Quote | Chart | News | PowerRating) |
13 | 20.73 | 911,671 | 318,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Getty Images | ( GETY | Quote | Chart | News | PowerRating) |
87 | 28.00 | 494,108 | 554,600 |
| Helmerich and Payne | ( HP | Quote | Chart | News | PowerRating) |
94 | 37.50 | 382,975 | 335,900 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
96 | 94.87 | 477,760 | 634,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Celestica | ( CLS | Quote | Chart | News | PowerRating) |
19 | 40.55 | 2,690,642 | 2,034,200 |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
12 | 32.01 | 10,227,565 | 5,070,900 |
| OSI Pharmaceuticals |
( OSIP | Quote | Chart | News | PowerRating) |
16 | 41.45 | 635,905 |
289,300 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.