Wednesday’s Top Names
The indices closed down for the
session, yet just slightly pulled back.
Since we don’t know if it will continue to pull back
or continue higher, continue to play both sides as the situation warrants. Â
Hottest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating) and Gold
and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and the Oil Index
(
$XOI.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 |
| Biomet | ( BMET | Quote | Chart | News | PowerRating) |
94 | 31.28 | 2,523,404 | 1,666,300 |
| Intuit | ( INTU | Quote | Chart | News | PowerRating) |
92 | 51.71 | 3,346,216 | 3,506,200 |
Qualcomm |
( QCOM | Quote | Chart | News | PowerRating) |
94 | 36.96 | 15,441,367 |
2,641,900 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
88 | 34.21 | 495,052 | 347,800 |
Â
3 Month RS of 30 or lower
and close in bottom part of range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ashland | ( ASH | Quote | Chart | News | PowerRating) |
22 | 26.03 | 593,492 | 360,900 |
| General Motors | ( GM | Quote | Chart | News | PowerRating) |
22 | 35.80 | 6,082,009 | 5,706,400 |
Pentair, Inc. |
( PNR | Quote | Chart | News | PowerRating) |
26 | 33.40 | 263,167 |
204,300 |
| Synopsys | ( SNPS | Quote | Chart | News | PowerRating) |
25 | 35.50 | 1,772,434 | 1,354,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Verizon | ( VZ | Quote | Chart | News | PowerRating) |
87 | 37.75 | 9,002,594 | 3,266,400 |
| Cardinal Health | ( CAH | Quote | Chart | News | PowerRating) |
86 | 70.15 | 2,538,052 | 5,542,600 |
| Charles River Labs | ( CRL | Quote | Chart | News | PowerRating) |
85 | 40.58 | 583,618 | 468,700 |
| Allstate Insurance | ( ALL | Quote | Chart | News | PowerRating) |
87 | 41.00 | 2,921,229 | 3,006,500 |
Â
3 Month RS of 30 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Synopsys | ( SNPS | Quote | Chart | News | PowerRating) |
25 | 35.50 | 1,772,434 | 1,354,000 |
| Martin Marietta | ( MLM | Quote | Chart | News | PowerRating) |
30 | 28.75 | 274,937 | 354,400 |
Meadwestvaco |
( MWV | Quote | Chart | News | PowerRating) |
24 | 20.30 | 1,160,206 |
1,185,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cognizant Technology Solutions | ( CTSH | Quote | Chart | News | PowerRating) |
89 | 66.92 | 627,196 | 724,000 |
| Intuit | ( INTU | Quote | Chart | News | PowerRating) |
92 | 51.71 | 3,346,216 | 3,506,200 |
| Adolph Coors | ( RKY | Quote | Chart | News | PowerRating) |
87 | 68.85 | 397,142 | 1,064,200 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| BJ’s Wholesale | ( BJ | Quote | Chart | News | PowerRating) |
14 | 19.80 | 1,463,122 | 1,066,300 |
| Kookmin Bank | ( KB | Quote | Chart | News | PowerRating) |
23 | 32.05 | 341,206 | 614,800 |
Pentair, Inc. |
( PNR | Quote | Chart | News | PowerRating) |
26 | 33.40 | 263,167 |
204,300 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.