Tuesday’s Top Names
Today’s weak close comes
in the wake of four CVR sell signals, making Tuesday begin with a definite bias
to the down side. Just remember that things change quickly, so be
prepared. The beauty of daytrading is that you can watch and then react.
Hottest Sectors:
Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Computer Tech
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
and Broker/Dealers
(
$XBD.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 |
Atlantic Coast Airlines |
( ACAI | Quote | Chart | News | PowerRating) |
91 | 27.51 | 507,855 |
283,400 |
| Fair Isaac | ( FIC | Quote | Chart | News | PowerRating) |
86 | 61.71 | 263,575 | 241,100 |
| Level 3 Communications |
[LLL|LLL} | 85 | 109.72 | 599,600 |
867,600 |
| Nucor Corp. | ( NUE | Quote | Chart | News | PowerRating) |
89 | 59.48 | 678,322 | 1,164,900 |
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 |
| Broadcom | [BRCM|BRCM | [5 | 35.03 | 15,434,675 | 13,249,900 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
16 | 53.02 | 1,324,709 | 1,072,200 |
Lehman Bros. |
( LEH | Quote | Chart | News | PowerRating) |
15 | 58.03 | 2,223,674 |
3,809,000 |
| Morgan Stanley | ( MWD | Quote | Chart | News | PowerRating) |
18 | 49.88 | 4,787,040 | 5,572,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
93 | 42.60 | 1,551,890 | 1,049,500 |
| Dole Foods | ( DOL | Quote | Chart | News | PowerRating) |
92 | 30.05 | 351,885 | 360,400 |
| PF Chang’s China Bistro | ( PFCB | Quote | Chart | News | PowerRating) |
86 | 56.63 | 352,085 | 350,600 |
| CBRL Group | ( CBRL | Quote | Chart | News | PowerRating) |
87 | 32.25 | 1,005,890 | 637,000 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| AOL Time-Warner | ( AOL | Quote | Chart | News | PowerRating) |
5 | 26.05 | 37,868,852 | 32,769,200 |
| PanAmSat Corp. | ( SPOT | Quote | Chart | News | PowerRating) |
6 | 21.20 | 484,033 | 344,400 |
| Cox Communications | ( COX | Quote | Chart | News | PowerRating) |
11 | 32.92 | 1,599,438 | 3,082,800 |
| Morgan Stanley | ( MWD | Quote | Chart | News | PowerRating) |
18 | 49.88 | 4,787,040 | 5,572,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Accenture | ( ACN | Quote | Chart | News | PowerRating) |
92 | 27.45 | 1,722,640 | 964,600 |
| Rockwell Collins | ( COL | Quote | Chart | News | PowerRating) |
89 | 22.50 | 618,138 | 548,000 |
| Level 3 Communications |
[LLL|LLL} | 85 | 109.72 | 599,600 |
867,600 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Capital One Financial | ( COF | Quote | Chart | News | PowerRating) |
12 | 45.99 | 2,913,031 | 4,105,600 |
| Electronic Data Systems | ( EDS | Quote | Chart | News | PowerRating) |
12 | 59.90 | 3,454,149 | 4,213,900 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
16 | 53.02 | 1,324,709 | 1,072,200 |
Best of luck with your trading Tuesday. Please use
protective stops on trades.