Wednesday’s Top Names
Tuesday was a prime example of
why the four CVR sell signals have to be respected.
Even though the volume was light, the price action
showed follow through to the downside. I see nothing in the charts tonight to
suggest anything different for tomorrow. Be ready for anything (as always) but
the bias is definitely to the bearish camp.
Hottest Sectors:
Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Wednesday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
89 | 82.17 | 624,829 | 967,500 |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
83 | 60.00 | 771,294 | 739,800 |
| Devon Energy |
( DVN | Quote | Chart | News | PowerRating) |
90 | 50.52 | 1,217,289 |
1,212,700 |
| Precision Castparts | ( PCP | Quote | Chart | News | PowerRating) |
86 | 35.90 | 290,774 | 290,700 |
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 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
16 | 119.06 | 1,306,991 | 688,100 |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
8 | 34.49 | 14,920,146 | 11,820,100 |
| CDW Computer |
( CDWC | Quote | Chart | News | PowerRating) |
9 | 47.99 | 1,170,995 |
1,861,500 |
| Emulex | ( EMLX | Quote | Chart | News | PowerRating) |
4 | 31.40 | 10,665,083 | 9,820,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Williams Companies | ( WMB | Quote | Chart | News | PowerRating) |
87 | 24.17 | 3,613,071 | 1,944,100 |
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 |
Scientific Atlanta |
( SFA | Quote | Chart | News | PowerRating) |
17 | 21.65 | 2,178,404 |
2,982,900 |
| Medimmune | ( MEDI | Quote | Chart | News | PowerRating) |
16 | 37.75 | 3,557,419 | 4,828,700 |
| Analog Devices | ( ADI | Quote | Chart | News | PowerRating) |
20 | 43.52 | 2,658,757 | 2,337,100 |
| AmDocs, Ltd. | ( DOX | Quote | Chart | News | PowerRating) |
7 | 24.06 | 3,112,104 | 3,105,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amerada Hess | ( AHC | Quote | Chart | News | PowerRating) |
89 | 82.17 | 624,829 | 967,500 |
| Precision Castparts | ( PCP | Quote | Chart | News | PowerRating) |
86 | 35.90 | 290,774 | 290,700 |
| Shaw Group | ( SGR | Quote | Chart | News | PowerRating) |
92 | 28.10 | 818,102 | 357,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Microsoft | ( MSFT | Quote | Chart | News | PowerRating) |
10 | 57.45 | 28,779,725 | 38,187,300 |
| Talbot’s | ( TLB | Quote | Chart | News | PowerRating) |
20 | 33.09 | 538,309 | 433,100 |
| WebSense | ( WBSN | Quote | Chart | News | PowerRating) |
11 | 22.59 | 420,743 | 771,000 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.