Wednesday’s Top Names
We have only one CVR buy
signal on the Market Bias page, but up volume today was greater than down volume
on the Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating).
This makes we think we could see a counter trend rally, as the Semiconductor
Index
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) left a bullish tail when it reversed and closed fairly
well.
Hottest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and
Cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Drugs
(
$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 |
| Hovnanian Enterprises | ( HOV | Quote | Chart | News | PowerRating) |
93 | 32.37 | 299,828 | 208,600 |
| KB Homes | ( KBH | Quote | Chart | News | PowerRating) |
82 | 52.55 | 801,475 | 770,800 |
| Toll Brothers |
( TOL | Quote | Chart | News | PowerRating) |
89 | 31.25 | 770,115 |
1,508,700 |
| Williams-Sonoma | ( WSM | Quote | Chart | News | PowerRating) |
94 | 59.10 | 638,078 | 740,700 |
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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 |
| Brocade | ( BRCD | Quote | Chart | News | PowerRating) |
4 | 19.90 | 17,188,363 | 22,919,200 |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
6 | 24.72 | 13,721,574 | 41,408,600 |
Emulex |
( EMLX | Quote | Chart | News | PowerRating) |
6 | 23.42 | 10,922,451 |
13,730,000 |
| Forest Labs | ( FRX | Quote | Chart | News | PowerRating) |
19 | 71.09 | 1,397,775 | 1,418,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Silcon Valley Bancshares | ( SIVB | Quote | Chart | News | PowerRating) |
89 | 32.33 | 493,436 | 398,300 |
| Cooper Tire | ( CTB | Quote | Chart | News | PowerRating) |
96 | 24.95 | 510,059 | 390,300 |
| Career Education | ( CECO | Quote | Chart | News | PowerRating) |
80 | 44.72 | 586,245 | 371,600 |
| Burlington Resources | ( BR | Quote | Chart | News | PowerRating) |
83 | 42.82 | 1,398,072 | 1,403,100 |
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 |
| Beckman Coulter | ( BEC | Quote | Chart | News | PowerRating) |
19 | 43.57 | 415,409 | 1,410,600 |
| OSI Pharmaceuticals | ( OSIP | Quote | Chart | News | PowerRating) |
6 | 27.75 | 702,972 | 2,013,800 |
| Pfizer | ( PFE | Quote | Chart | News | PowerRating) |
14 | 35.75 | 20,556,631 | 15,007,100 |
| Bausch and Lomb | ( BOL | Quote | Chart | News | PowerRating) |
15 | 34.10 | 615,527 | 748,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Americredit | ( ACF | Quote | Chart | News | PowerRating) |
96 | 37.79 | 2,400,305 | 2,066,600 |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
93 | 24.36 | 634,735 | 491,600 |
| Williams-Sonoma | ( WSM | Quote | Chart | News | PowerRating) |
94 | 59.10 | 638,078 | 740,700 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| JDA Software |
( JDAS | Quote | Chart | News | PowerRating) |
20 | 24.19 | 663,565 |
1,753,100 |
| Pharmaceutical Product Development | ( PPDI | Quote | Chart | News | PowerRating) |
8 | 24.36 | 725,100 | 2,123,100 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
12 | 38.26 | 9,761,023 | 14,748,600 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.