Wednesday’s Top Names
While Tuesday’s outside day and rally off of the
intraday low was impressive, the fact that the tail off started at the 61.8%
retracement of the May high to the September low provides us with a key alert
zone to be aware of. The market shook off the correction last week on Wednesday
and Friday, so it may do it again. Keep an eye on the tape and trade what
happens instead of what you think or feel.
Hottest Sectors: Insurance index
(
$IUX.X |
Quote |
Chart |
News |
PowerRating)
and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Retail
(
$RLX.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 |
Blockbuster, Inc. |
( BBI | Quote | Chart | News | PowerRating) |
84 | 27.30 | 800,388 |
737,400 |
| Copart | ( CPRT | Quote | Chart | News | PowerRating) |
80 | 34.23 | 668,868 | 1,679,000 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
93 | 52.43 | 2,059,045 |
3,158,600 |
| Internet Security Systems | ( ISSX | Quote | Chart | News | PowerRating) |
97 | 31.58 | 2,121,083 | 2,423,000 |
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 |
| Astoria Financial | ( ASFC | Quote | Chart | News | PowerRating) |
13 | 51.44 | 587,012 | 497,900 |
| Cubist Pharmaceuticals | ( CBST | Quote | Chart | News | PowerRating) |
20 | 36.67 | 695,043 | 572,100 |
| CSG Systems |
( CSGS | Quote | Chart | News | PowerRating) |
15 | 32.65 | 771,128 |
1,227,300 |
| Ameripath | ( PATH | Quote | Chart | News | PowerRating) |
14 | 27.95 | 333,065 | 102,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Jabil Circuit | ( JBL | Quote | Chart | News | PowerRating) |
86 | 27.78 | 1,777,309 | 3,107,800 |
| The Children’s Place | ( PLCE | Quote | Chart | News | PowerRating) |
97 | 35.20 | 376,995 | 963,300 |
Williams-Sonoma |
( WSM | Quote | Chart | News | PowerRating) |
96 | 39.40 | 1,029,319 |
948,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Blockbuster, Inc. | ( BBI | Quote | Chart | News | PowerRating) |
84 | 27.30 | 800,388 | 737,400 |
| CAC International | ( CACI | Quote | Chart | News | PowerRating) |
95 | 73.39 | 300,145 | 687,000 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
80 | 52.76 | 1,040,135 | 1,124,100 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cubist Pharmaceuticals | ( CBST | Quote | Chart | News | PowerRating) |
20 | 36.67 | 695,043 | 572,100 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.