Wednesday’s Top Names
Tuesday’s negative action is
pointing to further breakdown. With that
in mind, one must lean toward the path of least resistance. We do have one CVR
III buy signal on the Market Bias Page, however. So if they do decide to take it
that way, we will be ready.
Hottest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.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 |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
96 | 50.93 | 614,618 | 1,498,700 |
| Cognizant Technology Solutions | ( CTSH | Quote | Chart | News | PowerRating) |
96 | 57.59 | 391,194 | 502,100 |
Intermune |
( ITMN | Quote | Chart | News | PowerRating) |
89 | 24.97 | 1,094,041 |
2,115,100 |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
85 | 29.07 | 5,058,125 | 4,477,500 |
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 |
| Black Box | ( BBOX | Quote | Chart | News | PowerRating) |
16 | 33.42 | 466,308 | 225,700 |
| Quest Diagnostics | ( DGX | Quote | Chart | News | PowerRating) |
9 | 53.89 | 1,438,949 | 916,900 |
KLA-Tencor |
( KLAC | Quote | Chart | News | PowerRating) |
6 | 31.16 | 15,567,749 |
3,470,700 |
| Triad Hospitals | ( TRI | Quote | Chart | News | PowerRating) |
20 | 34.51 | 803,191 | 1,026,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| United Parcel Service | ( UPS | Quote | Chart | News | PowerRating) |
81 | 62.55 | 5,863,023 | 3,241,600 |
| ConAgra Foods | ( CAG | Quote | Chart | News | PowerRating) |
89 | 25.45 | 2,151,438 | 1,907,900 |
Newell Rubbermaid |
( NWL | Quote | Chart | News | PowerRating) |
80 | 33.40 | 1,659,800 |
2,112,200 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pepsico, Inc. | ( PEP | Quote | Chart | News | PowerRating) |
19 | 38.42 | 6,558,946 | 6,810,700 |
| Safeway Stores | ( SWY | Quote | Chart | News | PowerRating) |
9 | 25.35 | 3,827,045 | 3,579,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
96 | 50.93 | 614,618 | 1,498,700 |
| Intermune | ( ITMN | Quote | Chart | News | PowerRating) |
89 | 24.97 | 1,094,041 | 2,115,100 |
| Pacific Sunwear | ( PSUN | Quote | Chart | News | PowerRating) |
97 | 21.97 | 966,271 | 981,200 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Maxim Integrated Products | ( MXIM | Quote | Chart | News | PowerRating) |
16 | 29.93 | 9,090,573 | 7,575,500 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
11 | 32.36 | 13,346,603 | 8,759,022 |
| Semiconductor Holders ETF | ( SMH | Quote | Chart | News | PowerRating) |
9 | 23.05 | 6,459,303 | 4,569,200 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.