Wednesday’s Top Names
The major markets traded down
throughout the day and closed near the lows. We have a CVR6
possibly setting up for Wednesday so the
bias remains down.
Hottest Sectors:Â Gold & Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
and Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors:Â Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
and Software
(
$GSO.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 |
| Amereda Hess | ( AHC | Quote | Chart | News | PowerRating) |
84 | 83.29 | 683,638 | 560,600 |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
98 | 32.44 | 746,815 | 1,424,800 |
| Hollywood Ent. | ( HLYW | Quote | Chart | News | PowerRating) |
94 | 19.45 | 1,021,886 | 799,100 |
OceanEnergy |
( OEI | Quote | Chart | News | PowerRating) |
80 |
21.88 |
975,191 |
2,247,300 |
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 |
| TMP Worldwide | ( TMPW | Quote | Chart | News | PowerRating) |
10 | 27.90 | 2,877,948 | 2,554,700 |
| Target | ( TGT | Quote | Chart | News | PowerRating) |
20 | 41.54 | 3,851,874 | 4,398,900 |
| Everest Re Group | ( RE | Quote | Chart | News | PowerRating) |
8 | 62.03 | 579,522 | 713,700 |
Invitrogen |
( IVGN | Quote | Chart | News | PowerRating) |
11 |
35.26 |
1,774,551 |
689,300 |
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 |
| Coventry Healthcare | ( CVH | Quote | Chart | News | PowerRating) |
84 | 28.80 | 509,542 | 373,900 |
| Varian Medical | ( VAR | Quote | Chart | News | PowerRating) |
80 | 46.39 | 2,071,523 | 421,200 |
| Fortune Brands | ( FO | Quote | Chart | News | PowerRating) |
81 | 55.86 | 574,533 | 528,500 |
| Pactiv | ( PTV | Quote | Chart | News | PowerRating) |
93 | 22.88 | 1,067,476 | 766,000 |
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 |
| Biotech HOLDRS | ( BBH | Quote | Chart | News | PowerRating) |
7 | 94.00 | 1,535,866 | 1,487,000 |
| Affymetrix | ( AFFX | Quote | Chart | News | PowerRating) |
11 | 24.15 | 1,445,223 | 901,900 |
| Tech Data | ( TECH | Quote | Chart | News | PowerRating) |
12 | 42.97 | 783,390 | 1,101,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Barrick Gold | ( ABX | Quote | Chart | News | PowerRating) |
82 | 22.73 | 3,082,669 | 3,611,900 |
| Rent a Center | ( RCII | Quote | Chart | News | PowerRating) |
95 | 62.05 | 319,426 | 215,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Veritas |
( VRTS | Quote | Chart | News | PowerRating) |
11 |
25.03 |
12,933,558 |
13,187,000 |
| Telefonica | ( TEF | Quote | Chart | News | PowerRating) |
17 | 31.25 | 322,194 | 273,100 |
| Siebel Systems | ( SEBL | Quote | Chart | News | PowerRating) |
3 | 20.98 | 17,921,783 | 19,743,500 |
Â
Best of luck with your trading Wednesday. Please
use protective stops on every trade.