Wednesday’s Top Names
The weak close in the bottom
of the range in the indices would normally be bearish.
However, with the grossly oversold condition of the
markets, the bounce could occur at any time. Continue to trade both sides as the
situation warrants, this two-way volatility that is a boon to daytraders will
not likely last forever.
Hottest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and
Consumer Goods
(
$CMR.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Telecommuncations
(
$XTC.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 |
| Corinthian Colleges | ( COCO | Quote | Chart | News | PowerRating) |
99 | 26.74 | 512,404 | 2,000,929 |
| Krispy Kreme Doughnuts | ( KKD | Quote | Chart | News | PowerRating) |
87 | 33.15 | 733,785 | 733,700 |
Sierra Health |
( SIE | Quote | Chart | News | PowerRating) |
90 | 18.55 | 287,911 |
776,300 |
| United Health | ( UNH | Quote | Chart | News | PowerRating) |
85 | 83.77 | 2,579,012 | 3,938,900 |
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 |
| Allamerica Financial | ( AFC | Quote | Chart | News | PowerRating) |
6 | 25.60 | 306,255 | 1,256,900 |
| Affiliated Managers Group | ( AMG | Quote | Chart | News | PowerRating) |
9 | 40.51 | 349,183 | 744,300 |
| JP Morgan Chase |
( JPM | Quote | Chart | News | PowerRating) |
10 | 20.08 | 8,541,769 |
44,907,500 |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
12 | 35.11 | 950,879 | 2,944,550 |
3 Month RS of 80
and higher 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) |
87 | 33.15 | 733,785 | 733,700 |
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 |
| JP Morgan Chase |
( JPM | Quote | Chart | News | PowerRating) |
10 | 20.08 | 8,541,769 |
44,907,500 |
| Argosy Gaming | ( AGY | Quote | Chart | News | PowerRating) |
19 | 21.08 | 481,251 | 1,458,100 |
| Dow Jones | ( DJ | Quote | Chart | News | PowerRating) |
17 | 36.23 | 390,788 | 991,800 |
| Alcoa | ( AA | Quote | Chart | News | PowerRating) |
14 | 23.10 | 3,743,129 | 6,252,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Interstate Bakeries | ( IBC | Quote | Chart | News | PowerRating) |
84 | 25.00 | 348,234 | 293,000 |
| Moody’s Corp. | ( MCO | Quote | Chart | News | PowerRating) |
91 | 45.91 | 616,555 | 1,867,700 |
Sierra Health |
( SIE | Quote | Chart | News | PowerRating) |
90 | 18.55 | 287,911 |
776,300 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
19 | 92.83 | 586,972 | 957,200 |
| TXU Inc. | ( TXU | Quote | Chart | News | PowerRating) |
16 | 34.64 | 1,733,722 | 3,959,400 |
| XL Capital | ( XL | Quote | Chart | News | PowerRating) |
17 | 61.00 | 1,107,069 |
1,787,300 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.