Wednesday’s Top Names
Six down arrows on the
Market Bias Indicators page are pointing to continuation of Tuesday’s sell
off. Keep this in mind and anticipate the direction, but don’t act until the
momentum reasserts itself. The large range outside day down in the Nasdaq
Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) is another signal the long overdue correction is here.
Hottest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Biotech
(
$BTK.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 |
CACI International |
( CACI | Quote | Chart | News | PowerRating) |
91 | 66.11 | 288,378 |
577,000 |
Isis Pharmaceuticals | ( ISIP | Quote | Chart | News | PowerRating) |
99 | 25.40 | 774,552 | 1,105,900 |
Neurocrine Biosciences |
( NBIX | Quote | Chart | News | PowerRating) |
84 | 45.48 | 305,434 |
1,118,500 |
Scios | ( SCIO | Quote | Chart | News | PowerRating) |
89 | 26.94 | 865,015 | 1,798,600 |
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 |
Brooks Automation | ( BRKS | Quote | Chart | News | PowerRating) |
18 | 34.33 | 748,706 | 359,300 |
Macrovision | ( MVSN | Quote | Chart | News | PowerRating) |
4 | 32.02 | 1,257,955 | 1,129,000 |
Novellus |
( NVLS | Quote | Chart | News | PowerRating) |
20 | 35.36 | 8,024,957 |
5,316,900 |
Shire Pharmaceuticals | ( SHPGY | Quote | Chart | News | PowerRating) |
6 | 37.98 | 829,768 | 1,198,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Computer Sciences Corp. |
( CSC | Quote | Chart | News | PowerRating) |
92 | 46.11 | 1,478,522 |
1,265,500 |
Bed, Bath and Beyond | ( BBBY | Quote | Chart | News | PowerRating) |
81 | 31.78 | 4,578,513 | 2,818,700 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Computer Sciences Corp. | ( CSC | Quote | Chart | News | PowerRating) |
92 | 46.11 | 1,478,522 | 1,265,500 |
Pediatrix Medical | ( PDX | Quote | Chart | News | PowerRating) |
88 | 35.00 | 515,589 | 222,400 |
Adolph Coors | ( RKY | Quote | Chart | News | PowerRating) |
87 | 56.20 | 366,137 | 822,300 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
PanAmSat Corp. | ( SPOT | Quote | Chart | News | PowerRating) |
6 | 21.46 | 664,715 | 684,500 |
United Technologies |
( UTX | Quote | Chart | News | PowerRating) |
20 | 58.80 | 3,483,122 |
1,868,500 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.