Wednesday’s Top Names
The indices are extremely
vulnerable following Tuesday’s action.
The shorts are definitely looking like the way to go Wednesday, but be on your
toes for a reversal. They gapped it up and sold it off Tuesday, no reason they
cannot reverse everything tomorrow.
Hottest Sectors: None.
Weakest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and
Consumer Index
(
$CMR.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 |
| Biosite, Inc. | ( BSTE | Quote | Chart | News | PowerRating) |
98 | 28.93 | 393,764 | 256,400 |
| Express Scripts | ( ESRX | Quote | Chart | News | PowerRating) |
93 | 55.25 | 1,997,360 | 2,066,144 |
General Growth Properties |
( GGP | Quote | Chart | News | PowerRating) |
83 | 50.70 | 297,017 |
335,200 |
| Jet Blue Airlines | ( JBLU | Quote | Chart | News | PowerRating) |
89 | 44.38 | 320,144 | 453,661 |
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 |
| American Electric Power | ( AEp | Quote | Chart | News | PowerRating) |
14 | 28.00 | 2,501,309 | 3,007,800 |
| Cigna | ( CI | Quote | Chart | News | PowerRating) |
19 | 77.03 | 1,000,686 | 709,000 |
Household International |
( HI | Quote | Chart | News | PowerRating) |
10 | 29.52 | 4,560,526 |
8,944,100 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
6 | 29.12 | 15,528,330 | 17,915,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Safeco | ( SAFC | Quote | Chart | News | PowerRating) |
82 | 33.32 | 740,495 | 688,900 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
88 | 66.32 | 583,309 | 645,200 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cheesecake Factory | ( CAKE | Quote | Chart | News | PowerRating) |
14 | 25.45 | 761,570 | 1,226,300 |
| CBRL Group | ( CBRL | Quote | Chart | News | PowerRating) |
12 | 21.66 | 791,143 | 1,002,500 |
| Boise Cascade | ( BCC | Quote | Chart | News | PowerRating) |
20 | 24.91 | 571,688 | 568,900 |
| Pepsico | ( PEP | Quote | Chart | News | PowerRating) |
19 | 39.25 | 6,962,646 | 6,735,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Mandalay Resorts | ( MBG | Quote | Chart | News | PowerRating) |
88 | 32.07 | 711,055 | 1,062,700 |
| Southwest Bancorp | ( SWBT | Quote | Chart | News | PowerRating) |
90 | 37.47 | 291,701 | 314,300 |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating)95 |
95 | 44.03 | 5,043,514 | 4,536,000 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
6 | 25.80 | 742,488 | 1,588,200 |
| RJ Reynolds Tobacco | ( RJR | Quote | Chart | News | PowerRating) |
19 | 51.43 | 1,198,906 | 1,025,500 |
| Whirlpool | ( WHR | Quote | Chart | News | PowerRating) |
18 | 50.66 | 688,197 | 484,800 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.