Wednesday’s Top Names
Tuesday’s wide-range bar to the upside and strong
close in the indices leaves us with a bullish bias for Wednesday’s session.
However, remember to keep in mind that the tide changes quickly, so keep an eye
to the market trend and follow, whichever side it goes to. We have a slight edge in
the one upside arrow being provided this evening by the TradingMarkets.com
proprietary
Momentum Indicator.
Hottest Sectors:
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and High Technology
(
$PSE.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating) and
Drugs
(
$DRG.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 |
Advent Software |
( ADVS | Quote | Chart | News | PowerRating) |
90 | 53.90 | 924,077 |
891,800 |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
95 | 46.35 | 15,075,477 | 15,368,200 |
| CACI International |
( CACI | Quote | Chart | News | PowerRating) |
97 | 78.38 | 328,778 |
497,600 |
| eBay | ( EBAY | Quote | Chart | News | PowerRating) |
90 | 70.00 | 8,903,012 | 7,532,800 |
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 |
| Activision, Inc. | ( ATVI | Quote | Chart | News | PowerRating) |
18 | 24.11 | 1,172,286 | 6,538,200 |
| Barnes and Noble | ( BKS | Quote | Chart | News | PowerRating) |
1 | 29.76 | 1,492,300 | 799,200 |
Cubist Pharmaceuticals |
( CBST | Quote | Chart | News | PowerRating) |
19 | 31.45 | 700,209 |
5,247,200 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
12 | 57.76 | 1,280,386 | 1,084,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Polycom | ( PLCM | Quote | Chart | News | PowerRating) |
96 | 38.65 | 2,374,247 | 2,353,400 |
| Internet Security Systems | ( ISSX | Quote | Chart | News | PowerRating) |
97 | 33.90 | 2,981,280 | 1,973,100 |
Celestica |
( CLS | Quote | Chart | News | PowerRating) |
90 | 44.60 | 2,147,347 |
2,348,100 |
| SCI Systems | ( SCI | Quote | Chart | News | PowerRating) |
83 | 30.30 | 1,171,204 | 2,446,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Biovail Corp. | ( BVF | Quote | Chart | News | PowerRating) |
82 | 56.00 | 951,277 | 1,110,600 |
| FLIR Systems |
( FLIR | Quote | Chart | News | PowerRating) |
88 | 44.85 | 384,585 |
248,100 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
90 | 49.70 | 379,609 | 3,340,600 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Activision, Inc. | ( ATVI | Quote | Chart | News | PowerRating) |
18 | 24.11 | 1,172,286 | 6,538,200 |
Cubist Pharmaceuticals |
( CBST | Quote | Chart | News | PowerRating) |
19 | 31.45 | 700,209 |
5,247,200 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
12 | 57.76 | 1,280,386 | 1,084,900 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.