Wednesday’s Top Names
Tuesday was ripe for two-way
trading, and Wednesday could be more of the same.
I know it sounds redundant, but in a choppy market,
be ready to play it both ways. We remain in oversold territory, but market can
and do often become more oversold.
Hottest Sectors: Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and Gold and
Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
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 |
| Choicepoint | ( CPS | Quote | Chart | News | PowerRating) |
82 | 47.83 | 212,687 | 612,900 |
| ITT Industries | ( ITT | Quote | Chart | News | PowerRating) |
86 | 69.98 | 437,980 | 925,300 |
| Simon Property Group |
( SPG | Quote | Chart | News | PowerRating) |
84 | 36.00 | 587,806 |
9,877,900 |
| United Surgical Partners | ( USPI | Quote | Chart | News | PowerRating) |
94 | 30.34 | 368,992 | 541,200 |
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 |
| Biotech Holders ETF | ( BBH | Quote | Chart | News | PowerRating) |
6 | 81.15 | 1,535,794 | 1,564,200 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
6 | 38.42 | 1,405,466 | 1,575,000 |
Cephalon |
( CEPH | Quote | Chart | News | PowerRating) |
11 | 43.40 | 2,360,852 |
4,112,900 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
8 | 43.40 | 12,701,609 | 7,888,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Dreyer’s Grand Ice Cream | ( DRYR | Quote | Chart | News | PowerRating) |
99 | 69.07 | 590,571 | 720,600 |
| Wendy’s | ( WEN | Quote | Chart | News | PowerRating) |
93 | 39.63 | 1,132,600 | 1,225,100 |
| Simon Property Group |
( SPG | Quote | Chart | News | PowerRating) |
84 | 36.00 | 587,806 |
9,877,900 |
| Pepsi Bottling Group | ( PBG | Quote | Chart | News | PowerRating) |
93 | 32.00 | 1,353,995 | 1,592,500 |
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 |
Cephalon |
( CEPH | Quote | Chart | News | PowerRating) |
11 | 43.40 | 2,360,852 |
4,112,900 |
| Semtech Corp. | ( SMTC | Quote | Chart | News | PowerRating) |
8 | 21.44 | 1,142,585 | 1,660,200 |
| Home Depot | ( HD | Quote | Chart | News | PowerRating) |
13 | 36.14 | 15,164,000 | 10,844,200 |
| General Electric | ( GE | Quote | Chart | News | PowerRating) |
19 | 28.90 | 39,782,852 | 34,557,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| ATT Canada | ( ATTC | Quote | Chart | News | PowerRating) |
86 | 31.24 | 624,355 | 281,800 |
| Choicepoint | ( CPS | Quote | Chart | News | PowerRating) |
82 | 47.83 | 212,687 | 612,900 |
| Pharmaceutical Resources | ( PRX | Quote | Chart | News | PowerRating) |
94 | 26.50 | 332,675 | 352,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
11 | 33.13 | 1,477,546 | 2,609,200 |
| Gilead Sciences | ( GILD | Quote | Chart | News | PowerRating) |
18 | 32.15 | 3,494,037 | 3,484,600 |
Omnicom Group |
( OMC | Quote | Chart | News | PowerRating) |
2 | 48.77 | 2,859,245 |
4,715,000 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.