Wednesday’s Top Names
Wednesday could shape up in to
a damned if you do, damned if you don’t scenario.
On one hand, the lack of few meaningful setups for
the long side is evident. On the other, we are becoming more and more oversold
everyday. Throw in tomorrow as the final day before the July 4 holiday, and the
prospects look even more bleak. If you don’t have to sit in front of a screen, I
would suggest going fishing. If you do, keep an eye on the short side until
something different shows up.
Hottest Sectors: None
Weakest Sectors: Semiconductors
(
$SOX.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 |
| Asyst Technologies | ( ASYT | Quote | Chart | News | PowerRating) |
93 | 17.93 | 685,460 | 978,000 |
| Moody’s | ( MCO | Quote | Chart | News | PowerRating) |
87 | 48.23 | 866,800 | 781,900 |
Wendy’s |
( WEN | Quote | Chart | News | PowerRating) |
82 | 40.30 | 925,798 |
1,475,000 |
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 |
| Accredo Health | ( ACDO | Quote | Chart | News | PowerRating) |
17 | 40.80 | 797,945 | 1,754,500 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
16 | 52.10 | 2,175,917 | 4,103,200 |
Novellus |
( NVLS | Quote | Chart | News | PowerRating) |
4 | 28.97 | 9,454,322 |
13,732,500 |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
9 | 39.13 | 946,598 | 938,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Moody’s | ( MCO | Quote | Chart | News | PowerRating) |
87 | 48.23 | 866,800 | 781,900 |
| Standard Pacific Corp. | ( SPG | Quote | Chart | News | PowerRating) |
83 | 36.20 | 16,534,513 | 3,226,800 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Krispy Kreme Doughnuts | ( KKD | Quote | Chart | News | PowerRating) |
12 | 29.46 | 673,754 | 1,101,300 |
| Bristol-Meyers Squibb | ( BMY | Quote | Chart | News | PowerRating) |
8 | 24.40 | 15,482,363 | 10,031,300 |
| Home Depot | ( HD | Quote | Chart | News | PowerRating) |
14 | 33.75 | 15,523,386 | 10,935,300 |
| Wyeth Labs | ( WYE | Quote | Chart | News | PowerRating) |
18 | 48.69 | 6,123,581 | 6,909,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Moody’s | ( MCO | Quote | Chart | News | PowerRating) |
87 | 48.23 | 866,800 | 781,900 |
| Wendy’s | ( WEN | Quote | Chart | News | PowerRating) |
82 | 40.30 | 925,798 | 1,475,000 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Biogen | ( BGEN | Quote | Chart | News | PowerRating) |
15 | 37.50 | 4,844,308 | 4,623,200 |
| Krispy Kreme Doughnuts | ( KKD | Quote | Chart | News | PowerRating) |
12 | 29.46 | 673,754 | 1,101,300 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
15 | 105.86 | 448,812 | 788,700 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.