Wednesday’s Top Names
Two-way volatility is heaven
for daytraders. We are probably the only
ones who are liking this market, but let’s hope it continues. Look at candidates
for each direction, and play them as the situation warrants.
Hottest Sectors: Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) and
High Technology
(
$PSE.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Consumer Goods
(
$CMR.X |
Quote |
Chart |
News |
PowerRating)
and Cyclicals
(
$CYC.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 |
| Ameren Corp. | ( AEE | Quote | Chart | News | PowerRating) |
81 | 43.83 | 575,595 | 1,135,400 |
| Doral Financial | ( DORL | Quote | Chart | News | PowerRating) |
93 | 37.66 | 305,182 | 456,019 |
| FTI Consulting |
( FCN | Quote | Chart | News | PowerRating) |
98 | 41.95 | 261,049 |
368,900 |
| OSI Pharmaceuticals | ( OSIP | Quote | Chart | News | PowerRating) |
97 | 31.08 | 887,781 | 1,335,800 |
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 |
| Alcan Aluminum | ( AL | Quote | Chart | News | PowerRating) |
18 | 28.35 | 2,147,912 | 1,543,500 |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
16 | 38.24 | 3,964,928 | 3,503,900 |
Greater Bay Bancorp |
( GBBK | Quote | Chart | News | PowerRating) |
19 | 23.63 | 971,649 |
514,900 |
| Group 1 Automotive | ( GPI | Quote | Chart | News | PowerRating) |
8 | 29.30 | 268,374 | 251,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| PEC Solutions | ( PECS | Quote | Chart | News | PowerRating) |
95 | 24.13 | 326,348 | 627,100 |
| Yankee Candle Company | ( YCC | Quote | Chart | News | PowerRating) |
82 | 24.02 | 320,252 | 359,000 |
| Charles River Labs | ( CRL | Quote | Chart | News | PowerRating) |
98 | 36.10 | 463,502 | 635,900 |
| First Tennessee National | ( FTN | Quote | Chart | News | PowerRating) |
81 | 36.70 | 818,892 | 394,200 |
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 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
17 | 20.50 | 603,231 | 2,215,800 |
| Goodrich Corp. | ( GR | Quote | Chart | News | PowerRating) |
19 | 22.49 | 727,368 | 1,330,100 |
| SuperValue | ( SVU | Quote | Chart | News | PowerRating) |
17 | 20.95 | 864,362 | 615,100 |
| Verizon | ( VZ | Quote | Chart | News | PowerRating) |
13 | 30.20 | 7,530,649 | 8,724,000 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Guidant | ( GDT | Quote | Chart | News | PowerRating) |
94 | 36.70 | 2,747,865 | 10,160,200 |
| Scios, Inc. | ( SCIO | Quote | Chart | News | PowerRating) |
91 | 31.95 | 1,140,062 | 3,639,800 |
| Yankee Candle Company | ( YCC | Quote | Chart | News | PowerRating) |
82 | 24.02 | 320,252 | 359,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Home Depot | ( HD | Quote | Chart | News | PowerRating) |
8 | 30.59 | 12,239,191 | 11,615,300 |
| Tiffany & Co. | ( TIF | Quote | Chart | News | PowerRating) |
5 | 25.19 | 1,096,285 | 1,028,900 |
| UST, Inc. | ( UST | Quote | Chart | News | PowerRating) |
15 | 29.04 | 787,840 | 846,200 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.