Wednesday’s Top Names
The daily charts of the
indices are not a pretty sight, and when viewed on the weeklies, look even
worse.
The trend is definitely down, and should be
respected until we see a change. Focus on the short side, and be prepared to
switch gears and go long when the buyers win the battle.
Hottest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating)
and Banks
(
$BKX.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 |
| Arkansas Best Food Corp. | ( ABFS | Quote | Chart | News | PowerRating) |
98 | 29.12 | 285,586 | 667,475 |
| Forest Labs | ( FRX | Quote | Chart | News | PowerRating) |
94 | 78.70 | 1,837,923 | 2,200,800 |
Intermune |
( ITMN | Quote | Chart | News | PowerRating) |
99 | 29.51 | 1,371,410 |
1,983,700 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
98 | 38.35 | 680,470 | 903,600 |
Â
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 |
| Boise Cascade | ( BCC | Quote | Chart | News | PowerRating) |
15 | 23.29 | 581,565 | 1,471,300 |
| Computer Sciences Corp. | ( CSC | Quote | Chart | News | PowerRating) |
9 | 25.74 | 1,242,594 | 4,480,300 |
| GATX Corp. |
( GMT | Quote | Chart | News | PowerRating) |
20 | 20.00 | 317,489 |
609,900 |
| Phelps Dodge | ( PD | Quote | Chart | News | PowerRating) |
16 | 24.93 | 940,411 | 1,241,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| General Mills | ( GIS | Quote | Chart | News | PowerRating) |
83 | 44.40 | 1,278,417 | 1,940,300 |
| Guidant | ( GDT | Quote | Chart | News | PowerRating) |
89 | 33.95 | 2,537,595 | 2,684,100 |
| Prologis | ( PLD | Quote | Chart | News | PowerRating) |
88 | 24.92 | 914,398 | 401,600 |
| Regis Corp. | ( RGIS | Quote | Chart | News | PowerRating) |
95 | 27.01 | 355,602 | 369,050 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Bellsouth | ( BLS | Quote | Chart | News | PowerRating) |
20 | 20.92 | 5,171,129 | 2,559,500 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Michael’s Stores | ( MIK | Quote | Chart | News | PowerRating) |
95 | 44.81 | 745,620 | 994,200 |
| Roadway Corp. | ( ROAD | Quote | Chart | News | PowerRating) |
90 | 34.87 | 322,949 | 1,791,100 |
| Symantec | ( SYMC | Quote | Chart | News | PowerRating) |
89 | 32.04 | 4,204,658 | 4,671,400 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
6 | 23.10 | 789,742 | 2,236,700 |
| Sabre Holdings | ( TSG | Quote | Chart | News | PowerRating) |
11 | 20.00 | 1,145,383 | 1,202,500 |
| Whirlpool | ( WHR | Quote | Chart | News | PowerRating) |
20 | 46.47 | 694,194 | 1,208,600 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.