Tuesday’s Top Names
The indices are sitting at an important
inflection point — recent resistance. Continuation to the upside through these
levels could give them impetus to run higher. All of the indices have shown
three consecutive up closes in the top half of their range. Continue to stick
with strong stocks for long positions and weakness to short. Tomorrow will show
us where to go, with Alan Greenspan and crew meeting…look for the reaction
after the fed announcement. Also, Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating) beat earnings estimates by 2
cents per share, which could be a boost
Hottest Sectors: Biotechnology
(
$BTK.X |
Quote |
Chart |
News |
PowerRating),
Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating) and Technology
(
$PSE.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sector: Oil
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) and Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
Tuesday’s stocks
to watch:
3 Month RS of 80 and higher and close in top
part of
range
Â
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Affymetrix |
[AFFX|AFFX] | 99 | 32.55 | 1,502,963 |
1,566,600 |
| Computer Sciences Corp. | ( CSC | Quote | Chart | News | PowerRating) |
92 | 44.10 | 1,158,806 | 2,969,100 |
Gilead Sciences |
( GILD | Quote | Chart | News | PowerRating) |
81 | 65.42 | 2,516,260 |
1,549,300 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
95 | 44.63 | 9,937,200 | 2,725,200 |
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 |
| Advent Software | ( ADVP | Quote | Chart | News | PowerRating) |
6 | 38.58 | 889,774 | 930,700 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
17 | 69.84 | 951,746 | 1,175,500 |
| PDI, Inc. |
( PDII | Quote | Chart | News | PowerRating) |
1 | 26.52 | 427,582 |
132,200 |
| United Health Services | ( UHS | Quote | Chart | News | PowerRating) |
15 | 39.19 | 493,638 | 604,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Manhattan Associates |
( MANH | Quote | Chart | News | PowerRating) |
92 | 32.90 | 495,736 |
830,500 |
| Microsemi Corp. | ( MSCC | Quote | Chart | News | PowerRating) |
85 | 37.72 | 1,349,331 | 891,900 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
85 | 48.31 | 1,161,609 | 897,900 |
| Marvell Technology | ( MRVL | Quote | Chart | News | PowerRating) |
93 | 28.91 | 2,040,027 | 2,226,600 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Autozone | ( AZO | Quote | Chart | News | PowerRating) |
93 | 62.18 | 1,363,388 | 1,058,900 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
85 | 48.31 | 1,161,609 | 897,900 |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating) |
89 | 63.92 | 3,554,349 | 3,347,500 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
17 | 69.84 |
951,746 |
1,175,500 |
| United Health Services | ( UHS | Quote | Chart | News | PowerRating) |
15 | 39.19 | 493,638 | 604,000 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.