Wednesday’s Top Names
Another day of
solid gains in the indices gives the appearance of a retest
of the previous highs, particularly after sluggishness mid-day gave
way to a solid close. Keep a bias to the long side, but if the
momentum wavers, be ready to put on your shorts. Reports due for
release tomorrow include the trade imbalance numbers and the index of
leading economic indicators.
Hottest Sectors: Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) and Transports
(
$TRX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecommunications
(
$XTC.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 |
| Cree Research |
( CREE | Quote | Chart | News | PowerRating) |
87 | 28.58 | 1,532,643 | 3,149,300 |
| Mercury Interactive |
( MERQ | Quote | Chart | News | PowerRating) |
85 | 39.60 | 4,156,569 | 4,256,000 |
| Network Appliance |
( NTAP | Quote | Chart | News | PowerRating) |
98 | 24.06 | 12,228,458 | 6,494,000 |
| Sea Change International |
( SEAC | Quote | Chart | News | PowerRating) |
89 | 37.78 | 484,545 | 1,031,200 |
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 |
| Cardinal Health |
( CAH | Quote | Chart | News | PowerRating) |
11 | 63.52 | 2,482,254 | 2,785,900 |
| Henry Schein |
( HSIC | Quote | Chart | News | PowerRating) |
20 | 35.06 | 643,442 | 661,000 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
20 | 63.05 | 1,161,806 | 518,300 |
| SBC Communications |
( SBC | Quote | Chart | News | PowerRating) |
15 | 39.20 | 8,022,026 | 6,823,700 |
3 Month RS of 80
and higher with volume surge in last hour
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Silicon Labs |
( SLAB | Quote | Chart | News | PowerRating) |
98 | 38.51 | 2,671,200 | 580,512 |
| Insight Enterprises |
( NSIT | Quote | Chart | News | PowerRating) |
87 | 23.70 | 407,714 | 616,300 |
| Internet Security Systems |
( ISSX | Quote | Chart | News | PowerRating) |
98 | 32.91 | 2,643,419 | 2,506,000 |
| Furniture Brands International |
( FBN | Quote | Chart | News | PowerRating) |
84 | 31.21 | 309,728 | 524,800 |
3 Month RS of 20
and lower with volume surge in last hour
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Utilicorp United |
( UCU | Quote | Chart | News | PowerRating) |
1 | 22.68 | 934,238 | 1,691,600 |
| DeVry, Inc. |
( DV | Quote | Chart | News | PowerRating) |
20 | 28.02 | 393,442 | 398,200 |
| Centurytel, Inc. |
( CTL | Quote | Chart | News | PowerRating) |
17 | 32.90 | 495,538 | 471,100 |
Stocks in
Slim Jims
High RS at
or near high
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| Accenture | ( ACN | Quote | Chart | News | PowerRating) |
94 | 25.95 | 1,706,560 | 2,630,200 |
| Elantec Semiconductor |
( ELNT | Quote | Chart | News | PowerRating) |
86 | 42.97 | 608,442 | 514,000 |
| Telecom Brasil |
( TBH | Quote | Chart | News | PowerRating) |
81 | 39.00 | 602,728 | 608,200 |
Low RS at
or near low
| Company Name |
Symbol | Relative Strength |
Price | Average Volume |
Today’s Volume |
| AXA ADS |
( AXA | Quote | Chart | News | PowerRating) |
8 | 20.40 | 339,025 | 2,291,100 |
| Shire Pharmaceuticals |
( SHPGY | Quote | Chart | News | PowerRating) |
6 | 36.45 | 1,034,445 | 744,900 |
Best of luck with your trading
Wednesday. Please use protective stops on trades.