Wednesday’s Top Names
The indices are looking tired
at this juncture, with a second weak close in as many days.
The question to be resolved is: Is this a pullback
or the start of a rollover? Keep both sides open and when the trend is
revealed, that is how we will proceed.
Hottest Sectors: Oil Service
(
$XOI.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 Biotechs
(
$BTK.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) |
86 | 47.51 | 595,315 | 536,900 |
| ConAgra Foods | ( CAG | Quote | Chart | News | PowerRating) |
87 | 26.84 | 2,163,740 | 2,419,400 |
| Devon Energy |
( DVN | Quote | Chart | News | PowerRating) |
84 | 48.55 | 1,045,228 |
942,400 |
| Polaris Industries | ( PII | Quote | Chart | News | PowerRating) |
81 | 74.35 | 252,946 | 193,100 |
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 |
| Cymer, Inc. | ( CYMI | Quote | Chart | News | PowerRating) |
9 | 26.87 | 1,781,628 | 1,295,800 |
| Quest Diagnostics | ( DGX | Quote | Chart | News | PowerRating) |
10 | 57.26 | 1,444,226 | 1,032,200 |
Dollar Tree Stores |
( DLTR | Quote | Chart | News | PowerRating) |
11 | 25.12 | 1,517,637 |
4,276,200 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
9 | 34.21 | 15,537,031 | 14,727,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| ConAgra Foods | ( CAG | Quote | Chart | News | PowerRating) |
87 | 26.84 | 2,163,740 | 2,419,400 |
| Sysco Corp. | ( SYY | Quote | Chart | News | PowerRating) |
83 | 29.03 | 2,064,695 | 2,109,700 |
Boston Scientific |
( BSX | Quote | Chart | News | PowerRating) |
87 | 29.29 | 2,323,448 |
1,243,100 |
| Occidental Petroleum | ( OXY | Quote | Chart | News | PowerRating) |
85 | 29.69 | 1,502,589 | 1,280,600 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| TransOcean Sedco | ( RIG | Quote | Chart | News | PowerRating) |
13 | 24.60 | 2,748,805 | 2,189,300 |
| Texas Instruments | ( TXN | Quote | Chart | News | PowerRating) |
17 | 20.63 | 11,290,852 | 8,355,800 |
| Univision | ( UVN | Quote | Chart | News | PowerRating) |
4 | 23.86 | 2,469,186 | 1,285,800 |
| Best Buy | ( BBY | Quote | Chart | News | PowerRating) |
1 | 21.90 | 5,462,971 | 6,480,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| International Game Technology | ( IGT | Quote | Chart | News | PowerRating) |
94 | 65.30 | 989,226 | 881,800 |
| Pogo Producing | ( PPP | Quote | Chart | News | PowerRating) |
90 | 33.30 | 254,242 | 1,042,700 |
| Sysco Corp. | ( SYY | Quote | Chart | News | PowerRating) |
83 | 29.03 | 2,064,695 | 2,109,700 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| DST Systems | ( DST | Quote | Chart | News | PowerRating) |
18 | 35.00 | 531,997 | 293,800 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
14 | 35.91 | 13,147,764 | 11,248,000 |
| Varian Semiconductor | ( VSEA | Quote | Chart | News | PowerRating) |
5 | 22.74 | 1,212,345 | 881,727 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.