Wednesday’s Top Names
All the major markets finished
the day down and closed near the lows of the day.
There
are no new CVR signals for Wednesday’s trading. Continue to be nimble and play
both sides when the opportunities present themselves.
Hottest Sectors:
Gold & Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) and Healthcare
(
$HMO.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors:
Biotechnology
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
and Pharmaceuticals
(
$DRG.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 |
| Wellpoint Health | ( WLP | Quote | Chart | News | PowerRating) |
96 | 83.75 | 1,283,452 | 4,521,600 |
| Kraft Foods | ( KFT | Quote | Chart | News | PowerRating) |
80 | 43.58 | 1,629,182 | 1,997,800 |
| Barrick Gold | ( ABX | Quote | Chart | News | PowerRating) |
88 | 20.24 | 3,225,648 | 6,195,900 |
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 |
| Goldman Sachs | ( GS | Quote | Chart | News | PowerRating) |
18 | 72.10 | 3,174,402 | 2,169,000 |
| Flir Systems | ( FLIR | Quote | Chart | News | PowerRating) |
16 | 42.80 | 683,108 | 131,300 |
| Immunex | ( IMNX | Quote | Chart | News | PowerRating) |
8 | 21.07 | 5,295,042 | 7,227,200 |
| Medimmune | ( MEDI | Quote | Chart | News | PowerRating) |
9 | 27.15 | 4,447,075 | 7,108,100 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Christopher & Banks | ( CHBS | Quote | Chart | News | PowerRating) |
96 | 42.89 | 404,165 | 927,200 |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
90 | 29.00 | 4,898,992 | 7,593,700 |
| United Health | ( UNH | Quote | Chart | News | PowerRating) |
95 | 97.15 | 1,975,628 | 3,348,400 |
| Willis Group | ( WSH | Quote | Chart | News | PowerRating) |
96 | 33.00 | 723,923 | 975,400 |
3 Month RS of 20 and lower
with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Xilinx | ( XLNX | Quote | Chart | News | PowerRating) |
5 | 28.52 | 9,648,643 | 9,552,500 |
| Amgen | ( AMGN | Quote | Chart | News | PowerRating) |
5 | 38.75 | 11,153,482 | 23,869,100 |
| ATMI Inc. | ( ATMI | Quote | Chart | News | PowerRating) |
10 | 24.31 | 465,149 | 195,500 |
| Genzyme | ( GENZ | Quote | Chart | News | PowerRating) |
4 | 27.56 | 4,137,291 | 4,026,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Aetna | ( AET | Quote | Chart | News | PowerRating) |
93 | 50.00 | 1,128,103 | 2,935,200 |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
95 | 29.40 | 894,729 | 1,921,500 |
| Getty Images | ( GETY | Quote | Chart | News | PowerRating) |
84 | 34.20 | 411,218 | 612,200 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Varian Semiconductor |
( VSEA | Quote | Chart | News | PowerRating) |
8 | 33.68 | 845,435 | 654,900 |
| Veeco | ( VECO | Quote | Chart | News | PowerRating) |
19 | 25.60 | 535,866 | 373,600 |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
11 | 37.13 | 1,425,835 | 1,139,500 |
Best of luck with your trading
Wednesday. Please
use protective stops on every trade.