Wednesday’s Top Names
Volume was light again, but
the path of least resistance (in terms of price action) remains to the upside.
Wednesday will likely be a strange
trading day, as the open is delayed for the 9-11 services until around 11AM EDT.
Lean to the long side, but keep an eye out for shorts. The best looking setups
still appear to be on the short side.
Hottest Sectors: Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and Utilities
(
$UTY.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 |
| CACI International | ( CAI | Quote | Chart | News | PowerRating) |
92 | 36.94 | 390,238 | 378,800 |
| International Game Technology | ( IGT | Quote | Chart | News | PowerRating) |
92 | 68.32 | 996,692 | 1,429,700 |
| New Century Financial |
( NCEN | Quote | Chart | News | PowerRating) |
95 | 32.95 | 621,399 |
1,087,290 |
| Take-Two Interactive | ( TTWO | Quote | Chart | News | PowerRating) |
94 | 26.47 | 1,231,134 | 1,133,093 |
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 |
| American Capital Strategies | ( ACAS | Quote | Chart | News | PowerRating) |
9 | 20.09 | 760,227 | 2,174,300 |
| Household International | ( HI | Quote | Chart | News | PowerRating) |
9 | 35.15 | 4,585,249 | 3,741,000 |
| Fluor Corp. |
( FLR | Quote | Chart | News | PowerRating) |
17 | 26.80 | 595,085 |
773,000 |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
11 | 23.84 | 1,429,020 | 1,222,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Intermune | ( ITMN | Quote | Chart | News | PowerRating) |
93 | 30.68 | 1,152,396 | 1,040,200 |
| Praxair, Inc. | ( PX | Quote | Chart | News | PowerRating) |
83 | 56.12 | 1,108,040 | 748,800 |
| Shire Pharmaceuticals | ( SHPGY | Quote | Chart | News | PowerRating) |
93 | 30.09 | 599,346 | 1,099,425 |
| Pioneer Natural Resources | ( PXD | Quote | Chart | News | PowerRating) |
83 | 25.85 | 526,869 | 379,800 |
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 |
| Cheesecake Factory | ( CAKE | Quote | Chart | News | PowerRating) |
15 | 28.94 | 751,167 | 501,600 |
| American Italian Pasta Co. | ( PLB | Quote | Chart | News | PowerRating) |
11 | 36.75 | 242,929 | 342,100 |
| Navistar | ( NAV | Quote | Chart | News | PowerRating) |
17 | 25.37 | 594,968 | 465,400 |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
11 | 24.26 | 2,538,958 |
1,539,100 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| New Century Financial |
( NCEN | Quote | Chart | News | PowerRating) |
95 | 32.95 | 621,399 |
1,087,290 |
| Polaris Industries | ( PII | Quote | Chart | News | PowerRating) |
88 | 75.50 | 254,311 | 330,200 |
| Varian Inc. | ( VARI | Quote | Chart | News | PowerRating) |
84 | 34.04 | 447,573 | 261,899 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Astrazeneca | ( AZN | Quote | Chart | News | PowerRating) |
10 | 31.92 | 1,500,522 | 877,300 |
| Household International | ( HI | Quote | Chart | News | PowerRating) |
9 | 35.15 | 4,585,249 | 3,741,000 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.