Wednesday’s Top Names
Monday’s strong close seemed
to be carrying over to Tuesday’s trading, for the first two-thirds of the
session. After that, selling came in
earnest, closing all the major indices in the red. This action appears to be
keeping the current downtrend intact. However, be ready to go to the other side
if the bulls show up Wednesday morning.
Hottest Sectors: Telcommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and Banks
(
$BKX.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 |
| BCE Inc. | ( BCE | Quote | Chart | News | PowerRating) |
94 | 17.29 | 560,738 | 221,300 |
| HPL Inc. | ( HPLA | Quote | Chart | News | PowerRating) |
93 | 15.80 | 386,246 | 262,400 |
| J.B. Hunt |
( JBHT | Quote | Chart | News | PowerRating) |
80 | 26.44 | 660,552 |
1,735,900 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
86 | 64.15 | 936,560 | 1,522,600 |
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 |
| Barra Inc. | ( BARZ | Quote | Chart | News | PowerRating) |
6 | 32.24 | 249,415 | 173,000 |
| Electronic Data Services | ( EDS | Quote | Chart | News | PowerRating) |
5 | 33.87 | 5,171,058 | 4,714,300 |
KLA-Tencor |
( KLAC | Quote | Chart | News | PowerRating) |
13 | 44.74 | 14,008,460 |
20,807,900 |
| USA Networks | ( USAI | Quote | Chart | News | PowerRating) |
15 | 21.78 | 5,052,409 | 7,836,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| North Fork Bancorp | ( NFB | Quote | Chart | News | PowerRating) |
87 | 38.46 | 723,077 | 14,310,200 |
| United Parcel Service | ( UPS | Quote | Chart | News | PowerRating) |
86 | 60.20 | 3,572,214 | 7,785,200 |
| Moody’s Corp. | ( MCO | Quote | Chart | News | PowerRating) |
92 | 46.98 | 840,447 | 448,000 |
| Union Bank of California | ( UB | Quote | Chart | News | PowerRating) |
85 | 44.40 | 352,380 | 597,200 |
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 |
| FEI Company | ( FEIC | Quote | Chart | News | PowerRating) |
19 | 21.75 | 608,385 | 7,398,300 |
| Tenet Healthcare | ( THC | Quote | Chart | News | PowerRating) |
5 | 46.24 | 3,411,276 | 2,878,800 |
Barnes and Noble |
( BKS | Quote | Chart | News | PowerRating) |
16 | 21.44 | 840,380 |
936,000 |
| Northern Trust | ( NTRS | Quote | Chart | News | PowerRating) |
10 | 38.95 | 1,529,695 | 1,421,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| J.B. Hunt |
( JBHT | Quote | Chart | News | PowerRating) |
80 | 26.44 | 660,552 |
1,735,900 |
| Insight Enterprises | ( NSIT | Quote | Chart | News | PowerRating) |
88 | 23.65 | 448,442 | 342,000 |
| Lone Star Steakhouse & Saloon | ( STAR | Quote | Chart | News | PowerRating) |
88 | 21.44 | 399,997 | 307,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Millipore | ( MIL | Quote | Chart | News | PowerRating) |
16 | 27.68 | 462,469 | 1,317,400 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
19 | 21.30 | 561,237 | 766,600 |
| USA Networks | ( USAI | Quote | Chart | News | PowerRating) |
15 | 21.78 | 5,052,409 | 7,836,100 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.