Tuesday’s Top Names…
The broader
markets ended the week in the red once again on disappointing news from
IBM
(
IBM |
Quote |
Chart |
News |
PowerRating) and Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating). The Nasdaq Composite closed at its 200-day moving average, while the Dow Jones Industrials and the S&P 500 both
closed below their 50- and 200-day averages Friday. No new signals triggered on
the market bias page tonight.
Hottest Sectors:
Airline
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductor
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and
Biotechnology
(
$BTK.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 |
| Alloy Inc |
( ALOY | Quote | Chart | News | PowerRating) |
90 | 20.90 | 586,227 | 735,700 |
| JDAS Software | ( JDAS | Quote | Chart | News | PowerRating) |
94 | 28.10 | 354,818 | 768,100 |
| Network Associates |
( NETA | Quote | Chart | News | PowerRating) |
95 | 28.81 | 3,881,090 | 14,092,800 |
| QLogic Corp | ( QLGC | Quote | Chart | News | PowerRating) |
97 | 51.79 | 22,556,728 | 6,893,300 |
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) |
11 | 25.40 | 1,525,909 | 1,843,400 |
| Biogen Inc | ( BGEN | Quote | Chart | News | PowerRating) |
18 | 53.41 | 2,802,272 | 2,415,700 |
| Cytyc Corp |
( CYTC | Quote | Chart | News | PowerRating) |
5 | 23.00 | 2,317,227 | 1,282,400 |
| Express Scripts | ( ESRX | Quote | Chart | News | PowerRating) |
4 | 44.00 | 2,153,636 | 951,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alloy Inc | ( ALOY | Quote | Chart | News | PowerRating) |
90 | 20.90 | 586,227 | 735,700 |
| ATMI Inc | ( ATMI | Quote | Chart | News | PowerRating) |
90 | 26.15 | 454,954 | 227,400 |
| Brocade Communications | ( BRCD | Quote | Chart | News | PowerRating) |
97 | 35.36 | 16,519,909 | 9,672,700 |
| Nvidia Corp | ( NVDA | Quote | Chart | News | PowerRating) |
92 | 63.80 | 9,223,227 | 6,687,900 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Countrywide Credit Industries | ( CCR | Quote | Chart | News | PowerRating) |
7 | 40.62 | 1,058,500 | 600,700 |
| Imclone Systems | ( IMCL | Quote | Chart | News | PowerRating) |
1 | 21.15 | 3,663,181 | 21,575,100 |
| Kosp Pharmaceuticals | ( KOSP | Quote | Chart | News | PowerRating) |
6 | 23.45 | 272,045 | 322,600 |
| Qualcomm Inc | ( QCOM | Quote | Chart | News | PowerRating) |
13 | 44.95 | 14,078,818 | 12,831,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Continental Airlines Inc |
( CAL | Quote | Chart | News | PowerRating) |
94 | 29.35 | 1,414,318 | 1,035,700 |
| Marvell Technology |
( MRVL | Quote | Chart | News | PowerRating) |
97 | 42.45 | 2,741,454 | 4,072,200 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Qualcomm Inc | ( QCOM | Quote | Chart | News | PowerRating) |
13 | 44.95 | 14,078,818 | 12,831,800 |
| Advance PCS |
( ADVP | Quote | Chart | News | PowerRating) |
8 | 28.50 | 2,137,590 | 814,700 |
Best of luck with your trading Monday. Please use
protective stops on trades.