Wednesday’s Top Names

The oversold condition continues,
and we have some CVR buy signals in place for tonight.

Keep your bias to the long side, but make sure you
get triggers before putting on positions. Hopefully we will continue to get more
two way trading.

Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating)
and
Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating)
.

Weakest Sectors: Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating)
and
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


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Apollo Group
(
APOL |
Quote |
Chart |
News |
PowerRating)
83 43.94 2,386,701 5,989,200
Express Scripts
(
ESRX |
Quote |
Chart |
News |
PowerRating)
81 51.08 1,998,167 1,414,600

International Game Technology

(
IGT |
Quote |
Chart |
News |
PowerRating)
94 68.10
985,472

1,088,200
Murphy Oil
(
MUR |
Quote |
Chart |
News |
PowerRating)
84 86.12 415,806 1,122,600

 

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

Lowes Carolina Group
(
CG |
Quote |
Chart |
News |
PowerRating)
18 17.67 395,311 544,600
Laboratory Corp.
(
LH |
Quote |
Chart |
News |
PowerRating)
6 19.19 2,210,751 5,406,200
RJ
Reynolds Tobacco

(
RJR |
Quote |
Chart |
News |
PowerRating)
11 35.17
1,278,752

1,622,300
TXU Corp.
(
TXU |
Quote |
Chart |
News |
PowerRating)
6 13.76 2,724,554 32,703,200


3 Month RS of 80
and higher with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Cheesecake Factory
(
CAKE |
Quote |
Chart |
News |
PowerRating)
83 31.59 877,250 699,900
Pharmacia
(
PHA |
Quote |
Chart |
News |
PowerRating)
87 39.70 8,074,946 4,994,700
Forest Labs
(
FRX |
Quote |
Chart |
News |
PowerRating)
97 92.12 2,039,203 1,807,000
Aflac
(
AFL |
Quote |
Chart |
News |
PowerRating)
88 30.40 2,038,814 3,118,500

 

3 Month RS of 20 and lower with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Baxter International
(
BAX |
Quote |
Chart |
News |
PowerRating)
16 28.46 4,859,397 6,241,400

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume


Advanced Neuromodulation Systems

(
ANSI |
Quote |
Chart |
News |
PowerRating)
96 35.92
207,516

276,400
Potash
(
POT |
Quote |
Chart |
News |
PowerRating)
80 62.08 244,435 873,200
Stryker Corp.
(
SYK |
Quote |
Chart |
News |
PowerRating)
92 60.47 757,320 833,300

 

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

International Rectifier
(
IRF |
Quote |
Chart |
News |
PowerRating)
10 11.27 1,168,545 4,478,200
Precision Castparts
(
PCP |
Quote |
Chart |
News |
PowerRating)
14 17.85 441,006 756,000
TXU Corp.
(
TXU |
Quote |
Chart |
News |
PowerRating)
6 13.76 2,724,554 32,703,200

 

Best of luck with your trading Wednesday. Please use
protective stops on trades.