Wednesday’s Top Names
The indices continue to rise in spite of
distressing news and uncertainty. While the market is far into overbought
territory, the fact that it is taking out Fibonacci levels of resistance and
continuing to point the trend higher is enough to keep a bias to the long side.
Just remember to stay flexible and be ready to switch when the market decides
it is ready to. Until then, continue to go with the flow, and seize the
opportunities that turn up.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating),
Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Computer Technology
(
$XCI |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Wednesday’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 |
Affymetrix |
( AFFX | Quote | Chart | News | PowerRating) |
99 | 32.74 | 1,577,206 |
1,877,700 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
87 | 51.50 | 1,131,211 | 1,141,100 |
Celgene |
( CELG | Quote | Chart | News | PowerRating) |
95 | 38.13 | 1,292,797 |
2,373,000 |
| Gilead Sciences | ( GILD | Quote | Chart | News | PowerRating) |
93 | 67.68 | 2,575,088 | 1,847,400 |
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 |
| AdvancePCS | ( ADVP | Quote | Chart | News | PowerRating) |
6 | 27.52 | 1,162,031 | 2,742,500 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
6 | 62.49 | 944,183 | 3,617,400 |
| DeVry, Inc. |
( DV | Quote | Chart | News | PowerRating) |
7 | 24.05 | 300,111 |
2,355,000 |
| Elan Corp. | ( ELN | Quote | Chart | News | PowerRating) |
9 | 39.80 | 1,714,955 | 5,908,800 |
Â
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
McAfee.com |
( MCAF | Quote | Chart | News | PowerRating) |
98 | 27.65 | 635,509 |
448,000 |
| Applied Biosciences | ( ABI | Quote | Chart | News | PowerRating) |
88 | 32.75 | 1,232,127 | 895,100 |
| Paccar, Inc. | ( PCAR | Quote | Chart | News | PowerRating) |
87 | 62.90 | 491,754 | 433,600 |
| Priority Healthcare | ( PHCC | Quote | Chart | News | PowerRating) |
91 | 30.30 | 535,390 |
736,500 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating) |
95 | 64.25 | 3,552,748 | 2,220,500 |
Kohl’s Corp. |
( KSS | Quote | Chart | News | PowerRating) |
80 | 66.25 | 2,025,515 |
3,215,100 |
| Polycom | ( PLCM | Quote | Chart | News | PowerRating) |
90 | 39.32 | 2,825,446 | 5,966,500 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| DeVry, Inc. | ( DV | Quote | Chart | News | PowerRating) |
7 | 24.05 | 300,111 | 2,355,000 |
| Elan Corp. | ( ELN | Quote | Chart | News | PowerRating) |
9 | 39.80 | 1,714,955 | 5,908,800 |
| Watson Pharmaceuticals | ( WPI | Quote | Chart | News | PowerRating) |
6 | 28.54 | 1,040,262 | 15,318,900 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.