Wednesday’s Top Names
We have a CVR1 and CVR2 signal
setting up for Wednesday.Â
The bias is to the long side but that could quickly change if it becomes clear
that we will not get any follow through from today’s rally. Continue to watch
for plays on both sides and go with the path of least resistance.
Hottest Sectors: Biotechnology
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
and Internet
(
$IIX.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors: Gold & Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
and Airlines
(
$XAL.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 |
| Advance PCS | ( ADVP | Quote | Chart | News | PowerRating) |
80 | $33.81 | 1,384,032 | 1,941,800 |
| Alliant Tech | ( ATK | Quote | Chart | News | PowerRating) |
80 | $107.70 | 349,114 | 480,000 |
| Career Educ. Corp. | ( CECO | Quote | Chart | News | PowerRating) |
90 | $44.95 | 428,805 | 642,300 |
| Direct Focus | ( DFXI | Quote | Chart | News | PowerRating) |
89 | $44.70 | 939,203 | 1,471,600 |
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 |
| FreeMarkets | ( FMKT | Quote | Chart | News | PowerRating) |
16 | $17.76 | 1,259,458 | 4,638,000 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
2 | $34.81 | 14,799,300 | 12,031,132 |
| Schering Plough | ( SGP | Quote | Chart | News | PowerRating) |
16 | $27.30 | 7,396,322 | 11,492,200 |
| Sunoco | ( SUN | Quote | Chart | News | PowerRating) |
17 | $34.38 | 677,462 | 1,010,800 |
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 |
| Ocean Energy | ( OEI | Quote | Chart | News | PowerRating) |
84 | $21.40 | 980,952 | 1,447,800 |
| Cheesecake Factory | ( CAKE | Quote | Chart | News | PowerRating) |
83 | $41.63 | 853,171 | 1,186,200 |
| Hilton | ( HOT | Quote | Chart | News | PowerRating) |
80 | $37.80 | 1,576,966 | 1,585,100 |
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 |
| Nike | ( NKE | Quote | Chart | News | PowerRating) |
16 | $53.33 | 1,609,585 | 1,436,000 |
| Pfizer | ( PFE | Quote | Chart | News | PowerRating) |
15 | $36.35 | 21,349,828 | 24,804,700 |
| Walmart | ( WMT | Quote | Chart | News | PowerRating) |
20 | $55.86 | 11,093,109 | 14,469,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cross Country | ( CCRN | Quote | Chart | News | PowerRating) |
80 | $30.26 | 428,805 | 636,200 |
| Corinthian Colleges | ( COCO | Quote | Chart | News | PowerRating) |
93 | $58.89 | 316,623 | 346,800 |
| Coventry Health Care | ( CVH | Quote | Chart | News | PowerRating) |
93 | $29.07 | 391,475 | 1,318,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Icos | ( ICOS | Quote | Chart | News | PowerRating) |
13 | $25.76 | 1,329,238 | 17,199,400 |
| Smithfield Foods | ( SFD | Quote | Chart | News | PowerRating) |
16 | $21.10 | 408,500 | 625,542 |
| Wyeth | ( WYE | Quote | Chart | News | PowerRating) |
17 | $57.00 | 4,112,380 | 9,325,000 |
Â
Best of luck with your trading Wednesday. Please
use protective stops on every trade.