Wednesday’s Top Names
The S&P finished slightly
higher while the Nasdaq finished up almost 20 points and the Dow was down 20
points. Â We have a carryover CVR3
and a new CVR1 buy, so the bias will be to the upside for Wednesday.
Hottest Sectors:Â Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors:Â Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and Oil Services
(
$OSX.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 |
| CBRL Group | ( CBRL | Quote | Chart | News | PowerRating) |
85 | 32.70 | 992,617 | 824,000 |
| CheckFree Holdings | ( CKFR | Quote | Chart | News | PowerRating) |
96 | 21.14 | 1,122,814 | 645,100 |
| MicroChip Tech. |
( MCHP | Quote | Chart | News | PowerRating) |
87 | 29.56 | 2,069,884 | 3,243,500 |
| Rent-A-Center |
( RCII | Quote | Chart | News | PowerRating) |
87 | 55.07 | 384,977 | 356,600 |
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 |
| Fed. Agricul. Mortgage | ( AGM | Quote | Chart | News | PowerRating) |
2 | 27.00 | 376,682 | 378,700 |
| Digene Corp. | ( DIGE | Quote | Chart | News | PowerRating) |
9 | 21.58 | 487,842 | 221,200 |
| IDEC Pharma. |
( IDPH | Quote | Chart | News | PowerRating) |
2 | 38.10 | 4,589,120 | 7,673,500 |
| Invision Tech. |
( INVN | Quote | Chart | News | PowerRating) |
3 | 21.23 | 2,146,711 | 1,039,700 |
Â
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Kemet | ( KEM | Quote | Chart | News | PowerRating) |
86 | 20.15 | 481,531 | 615,900 |
| Lexmark | ( LXK | Quote | Chart | News | PowerRating) |
82 | 63.49 | 1,122,635 | 1,378,800 |
| Molex | ( MOLX | Quote | Chart | News | PowerRating) |
90 | 37.59 | 850,602 | 1,164,900 |
| National Semi | ( NSM | Quote | Chart | News | PowerRating) |
84 | 30.40 | 2,520,911 | 3,128,800 |
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 |
| Avocent | ( AVCT | Quote | Chart | News | PowerRating) |
17 | 21.21 | 418,742 | 316,000 |
| CSX Corp. | ( CSX | Quote | Chart | News | PowerRating) |
14 | 33.70 | 1,256,260 | 1,217,700 |
| Sabre Holdings | ( TSG | Quote | Chart | News | PowerRating) |
15 | 38.55 | 1,086,183 | 1,018,600 |
| Stryker | ( SYK | Quote | Chart | News | PowerRating) |
17 | 51.50 | 583,831 | 1,110,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Circuit City | ( CC | Quote | Chart | News | PowerRating) |
86 | 22.06 | 2,425,875 | 2,037,900 |
| Liberty Prop. | ( LRY | Quote | Chart | News | PowerRating) |
81 | 34.78 | 396,591 | 115,900 |
| US Steel | ( X | Quote | Chart | News | PowerRating) |
81 | 20.92 | 1,112,015 | 1,112,000 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| T. Rowe Price |
( TROW | Quote | Chart | News | PowerRating) |
19 | 35.07 | 593,185 | 639,700 |
| Ball | ( BLL | Quote | Chart | News | PowerRating) |
16 | 39.30 | 425,338 | 1,215,700 |
| Beazer Homes | ( BZH | Quote | Chart | News | PowerRating) |
9 | 72.70 | 562,872 | 609,400 |
Â
Best of luck with your trading
Wednesday. Please
use protective stops on every trade.