Wednesday’s Top Names
The fact that two of the three
major indices closed positive was a good sign for the market.
While it may not have been a rally, per se, the fact
that it did not sell off following the action of Friday and Monday is a good
sign. After the large one-day run higher, a pause would not be out of the
question. However, positive news after the close from Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating) and
Jabil Circuit
(
JBL |
Quote |
Chart |
News |
PowerRating) could provide the impetus for a boost Wednesday. Be ready
to play both sides.
Hottest Sectors: Cyclicals
(
$CYC.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 |
| Coventry Health Care | ( CVH | Quote | Chart | News | PowerRating) |
95 | 34.20 | 444,575 | 1,326,400 |
| General Dynamics | ( GD | Quote | Chart | News | PowerRating) |
84 | 107.24 | 1,175,898 | 1,666,400 |
Intuit |
( INTU | Quote | Chart | News | PowerRating) |
89 | 48.34 | 2,547,325 |
6,656,400 |
| Lockheed Martin | ( LMT | Quote | Chart | News | PowerRating) |
88 | 68.25 | 2,248,555 | 4,386,000 |
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 |
| Business Objects | ( BOBJ | Quote | Chart | News | PowerRating) |
3 | 24.30 | 954,378 | 679,400 |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) |
18 | 46.76 | 1,321,943 | 1,389,000 |
Genentech |
( DNA | Quote | Chart | News | PowerRating) |
6 | 33.74 | 3,233,945 |
3,508,600 |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating) |
2 | 36.27 | 5,377,157 | 3,978,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Moody’s | ( MCO | Quote | Chart | News | PowerRating) |
87 | 49.26 | 491,438 | 618,800 |
| Panera Bread Company | ( PNRA | Quote | Chart | News | PowerRating) |
87 | 70.01 | 521,828 | 608,000 |
| Quest Diagnostics | ( DGX | Quote | Chart | News | PowerRating) |
84 | 90.79 | 1,051,257 | 572,500 |
| Charter One Financial | ( CF | Quote | Chart | News | PowerRating) |
81 | 35.80 | 799,044 | 654,000 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Photronics, Inc. | ( PLAB | Quote | Chart | News | PowerRating) |
7 | 20.20 | 718,828 | 822,400 |
| Charter Semiconductor | ( CHRT | Quote | Chart | News | PowerRating) |
12 | 20.70 | 706,914 | 423,000 |
| STM Microelectronics | ( STM | Quote | Chart | News | PowerRating) |
5 | 22.85 | 1,524,247 | 869,500 |
| Texas Instruments | ( TXN | Quote | Chart | News | PowerRating) |
10 | 26.09 | 11,230,804 | 11,134,400 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| General Dynamics | ( GD | Quote | Chart | News | PowerRating) |
84 | 107.24 | 1,175,898 | 1,666,400 |
| HCA Inc. | ( HCA | Quote | Chart | News | PowerRating) |
89 | 51.02 | 2,228,074 | 3,021,900 |
| Wellpoint Health | ( WLP | Quote | Chart | News | PowerRating) |
97 | 83.65 | 1,435,702 | 1,244,800 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Genentech |
( DNA | Quote | Chart | News | PowerRating) |
6 | 33.74 | 3,233,945 |
3,508,600 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.