Wednesday’s Top Names
The Globex futures are slowly
drifting higher as this is being written,
so look for the open to be strong tomorrow if they
continue to run them. After that, the trend in place is still down. Key off the
daily charts for intraday setups. The high RS charts are not strong on the
daily, but could be played if the overall dynamics are strong and you don’t take
’em home.
Hottest Sectors:Â Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Computer
Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and
Gold and Silver
(
$XAU.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 |
| Countrywide Credit | ( CCR | Quote | Chart | News | PowerRating) |
93 | 50.25 | 1,100,103 | 2,131,200 |
| Mcgraw Hill | ( MHP | Quote | Chart | News | PowerRating) |
85 | 61.15 | 720,382 | 855,400 |
Sigma-Aldrich |
( SIAL | Quote | Chart | News | PowerRating) |
81 | 48.32 | 731,515 |
1,296,900 |
| Trimeris | ( TRMS | Quote | Chart | News | PowerRating) |
97 | 46.69 | 599,746 | 331,300 |
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 |
| Aon Corp. | ( AOC | Quote | Chart | News | PowerRating) |
15 | 21.20 | 1,097,908 | 1,554,000 |
| NICOR Inc. | ( GAS | Quote | Chart | News | PowerRating) |
4 | 24.96 | 433,988 | 1,240,900 |
St.Paul Companies |
( SPC | Quote | Chart | News | PowerRating) |
14 | 28.68 | 2,162,906 |
1,562,400 |
| Varian Semiconductor | ( VSEA | Quote | Chart | News | PowerRating) |
6 | 23.77 | 1,212,682 | 2,013,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| ICOS Corp. | ( ICOS | Quote | Chart | News | PowerRating) |
99 | 23.87 | 1,535,044 | 1,427,500 |
| Astoria Financial | ( AF | Quote | Chart | News | PowerRating) |
88 | 32.71 | 347,409 | 433,300 |
| Consolidated Edison | ( ED | Quote | Chart | News | PowerRating) |
94 | 42.89 | 896,234 | 903,100 |
| Medimmune | ( MEDI | Quote | Chart | News | PowerRating) |
89 | 27.56 | 5,587,553 | 3,800,100 |
Â
3 Month RS of 20 and lower with volume surge in last hour
None Today
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Fortune Brands | ( FO | Quote | Chart | News | PowerRating) |
89 | 51.63 | 727,528 | 1,028,200 |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
90 | 26.51 | 570,465 | 586,549 |
| New York Community Bancorp | ( NYCB | Quote | Chart | News | PowerRating) |
83 | 28.56 | 912,789 | 1,026,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cox Communications | ( COX | Quote | Chart | News | PowerRating) |
9 | 21.06 | 2,307,860 | 6,462,500 |
| Noble Corporation | ( NE | Quote | Chart | News | PowerRating) |
17 | 28.96 | 2,051,672 | 2,840,100 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.