Wednesday’s Top Names
Tuesday’s action seemed to confirm
that we are headed for a retest of the July 3 low.
Lean in that direction, until buyers show up with
conviction and try to take it the other direction.
Hottest Sectors: Gold
and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) and Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating)
and High Tech
(
$PSE.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 | 33.18 | 391,609 | 556,400 |
| Meridian Gold | ( MDG | Quote | Chart | News | PowerRating) |
80 | 17.92 | 636,337 | 775,100 |
| Pixar | ( PIXR | Quote | Chart | News | PowerRating) |
90 | 44.13 | 224,055 |
287,900 |
| Constellation Brands | ( STZ | Quote | Chart | News | PowerRating) |
84 | 30.43 | 450,266 | 459,200 |
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 |
| Abbott Labs | ( ABT | Quote | Chart | News | PowerRating) |
16 | 35.41 | 5,636,000 | 4,872,700 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
9 | 70.80 | 1,603,828 | 904,200 |
| Cymer, Inc. |
( CYMI | Quote | Chart | News | PowerRating) |
6 | 29.94 | 1,600,189 |
1,450,400 |
| Everest RE Group | ( RE | Quote | Chart | News | PowerRating) |
19 | 51.50 | 604,045 | 636,200 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Telecomunicacoes Brazilieras | ( TBH | Quote | Chart | News | PowerRating) |
90 | 21.70 | 451,571 | 403,100 |
| ATT Canada | ( ATTC | Quote | Chart | News | PowerRating) |
86 | 31.76 | 641,090 | 363,100 |
| First Tennessee National | ( FTN | Quote | Chart | News | PowerRating) |
81 | 38.22 | 446,795 | 309,000 |
| Ocean Energy | ( OEI | Quote | Chart | News | PowerRating) |
84 | 20.05 | 879,852 | 670,800 |
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 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
10 | 37.80 | 1,432,404 | 1,366,500 |
| Barnes and Noble | ( BKS | Quote | Chart | News | PowerRating) |
20 | 23.80 | 714,552 | 814,900 |
| Aon Corp. |
( AOC | Quote | Chart | News | PowerRating) |
14 | 27.45 | 1,010,447 |
767,000 |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
12 | 41.11 | 3,533,109 | 2,961,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Inco Limited | ( N | Quote | Chart | News | PowerRating) |
87 | 22.45 | 915,369 | 1,124,400 |
| SK Telecom | ( SKM | Quote | Chart | News | PowerRating) |
89 | 25.78 | 572,943 | 695,300 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| International Business Machines | ( IBM | Quote | Chart | News | PowerRating) |
15 | 69.67 | 9,743,443 | 11,165,600 |
| Northern Trust Corp. | ( NTRS | Quote | Chart | News | PowerRating) |
10 | 40.69 | 1,267,900 | 1,407,700 |
| Wyeth Labs | ( WYE | Quote | Chart | News | PowerRating) |
14 | 37.30 | 4,237,375 | 50,483,300 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.