Wednesday’s Top Names
The Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating)
is sitting in a do or die position at a triple bottom.
It could bounce, but if it breaks it, we are likely
to see more downside activity. Watch and see how the first hour plays out.
Hottest Sectors: Utilities
(
$UTY.X |
Quote |
Chart |
News |
PowerRating) and
Oil Service
(
$XOI.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 |
| Alliant Techsystems | ( ATK | Quote | Chart | News | PowerRating) |
91 | 103.93 | 333,375 | 413,600 |
| Career Education | ( CECO | Quote | Chart | News | PowerRating) |
82 | 44.61 | 457,103 | 1,949,500 |
| L-3 Communications |
( LLL | Quote | Chart | News | PowerRating) |
92 | 124.51 |
782,445 |
1,204,600 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
93 | 107.90 | 601,331 | 856,800 |
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 |
| Analog Devices | ( ADI | Quote | Chart | News | PowerRating) |
20 | 39.69 | 3,033,226 | 2,873,100 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
7 | 105.87 | 1,368,774 | 1,311,400 |
| Cabot Microelectronics |
( CCMP | Quote | Chart | News | PowerRating) |
10 | 56.53 | 1,313,026 |
1,053,300 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
4 | 21.85 | 567,198 | 3,639,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Dillard’s | ( DDS | Quote | Chart | News | PowerRating) |
94 | 25.87 | 684,352 | 620,200 |
| Dial Corp. | ( DL | Quote | Chart | News | PowerRating) |
87 | 20.97 | 629,004 | 657,800 |
| FMC Technologies | ( FMC | Quote | Chart | News | PowerRating) |
86 | 21.50 | 362,771 | 932,900 |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
92 | 46.71 | 734,066 | 541,000 |
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 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
15 | 32.28 | 11,206,247 | 24,460,700 |
| Celestica | ( CLS | Quote | Chart | News | PowerRating) |
8 | 30.10 | 2,316,457 | 1,964,300 |
| InterMune | ( ITMN | Quote | Chart | News | PowerRating) |
3 | 28.30 | 976,976 | 719,900 |
| Waters Corp. | ( WAT | Quote | Chart | News | PowerRating) |
5 | 27.05 | 1,792,085 | 2,251,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Lear Corp. | ( LEA | Quote | Chart | News | PowerRating) |
81 | 49.60 | 597,662 | 916,800 |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
92 | 46.71 | 734,066 | 541,000 |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
99 | 27.98 | 542,155 | 318,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Micron Technology |
( MU | Quote | Chart | News | PowerRating) |
8 | 29.39 | 8,827,077 |
13,900,800 |
| PEC Solutions | ( PECS | Quote | Chart | News | PowerRating) |
1 | 18.83 | 531,306 | 485,900 |
| Regeneron Pharmaceuticals | ( REGN | Quote | Chart | News | PowerRating) |
10 | 21.76 | 594,395 | 373,000 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.