Tuesday’s Top Names
The markets resumed their move downward
Monday as “ENRONitist” continued to plague stocks. The most recent
to get hit due to concerns of possible accounting problems was Cephalon
(
CEPH |
Quote |
Chart |
News |
PowerRating),
which lost more than 10 points intra-day as the company’s accounting practices
over a key acquisition come into question.
Hottest Sectors:
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors: GSTI Internet
(
$GIN.X |
Quote |
Chart |
News |
PowerRating) and
Interactive Internet
(
$IIX.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 |
| Action Performance |
( ACTN | Quote | Chart | News | PowerRating) |
91 | 41.50 | 386,500 | 268,400 |
| Beazer Homes |
( BZH | Quote | Chart | News | PowerRating) |
97 | 83.20 | 325,681 | 498,100 |
| Pulte Homes |
( PHM | Quote | Chart | News | PowerRating) |
91 | 47.66 | 544,400 | 372,800 |
| Invision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 43.34 | 3,466,300 | 1,749,900 |
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 |
| Abgenix Inc | ( ABGX | Quote | Chart | News | PowerRating) |
4 | 22.34 | 1,715,500 | 1,156,800 |
| Cephalon Inc | ( CEPH | Quote | Chart | News | PowerRating) |
14 | 55.99 | 2,437,300 | 20,210,200 |
| CYTYC Corp |
( CYTC | Quote | Chart | News | PowerRating) |
5 | 20.18 | 1,886,600 | 2,973,000 |
| Metro One Telecommunications | ( MTON | Quote | Chart | News | PowerRating) |
8 | 23.07 | 422,500 | 530,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ann Taylor Stores |
( ANN | Quote | Chart | News | PowerRating) |
95 | 37.17 | 733,300 | 530,100 |
| Expedia Inc |
( EXPE | Quote | Chart | News | PowerRating) |
98 | 54.51 | 681,900 | 1,280,300 |
| Invision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 43.34 | 3,466,300 | 1,749,900 |
| The Children’s Place | ( PLCE | Quote | Chart | News | PowerRating) |
92 | 31.80 | 358,600 | 284,800 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Applera Corporation | ( ABI | Quote | Chart | News | PowerRating) |
2 | 21.95 | 2,122,800 | 2,140,400 |
| Dow Chemical | ( DOW | Quote | Chart | News | PowerRating) |
6 | 29.53 | 6,258,100 | 3,348,900 |
| JP Morgan Chase & Company | ( JPM | Quote | Chart | News | PowerRating) |
6 | 30.56 | 8,520,409 | 10,860,200 |
| Manhattan Associates | ( MANH | Quote | Chart | News | PowerRating) |
19 | 25.31 | 696,600 | 323,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| OSI Systems |
( OSIS | Quote | Chart | News | PowerRating) |
96 | 25.84 | 675,318 | 967,200 |
| Beazer Homes |
( BZH | Quote | Chart | News | PowerRating) |
98 | 85.96 | 357,300 | 545,600 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Enzon Inc | ( ENZN | Quote | Chart | News | PowerRating) |
8 | 49.00 | 1,182,818 | 1,141,400 |
| CYTYC Corp | ( CYTC | Quote | Chart | News | PowerRating) |
5 | 20.18 | 1,886,600 | 2,973,000 |
| JP Morgan Chase & Company | ( JPM | Quote | Chart | News | PowerRating) |
6 | 30.56 | 8,520,409 | 10,860,200 |
Best of luck with your trading
Tuesday. Please use
protective stops on trades.