Wednesday’s Top Names
A mini double top in the Dow
Industrials
(
$INDU |
Quote |
Chart |
News |
PowerRating) has formed in the past eight sessions.
How this is resolved will be very telling for the
three-letter stocks. The Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) held up fairly well
despite the last hour sell off. However, in spite of the lack of CVR signals
tonight, it is important to note the VIX level, which is at lows not seen since
last July. This makes for an uneasy feeling, but continue to go with what the
markets tell you.
Hottest Sectors:
Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) and Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and
Telecommunications
(
$XTC.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 |
| Apache Corp. | ( APA | Quote | Chart | News | PowerRating) |
82 | 57.70 | 1,642,393 | 1,621,800 |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
98 | 50.74 | 1,109,637 | 2,376,300 |
| PF Chang’s |
( PFCB | Quote | Chart | News | PowerRating) |
81 | 64.99 | 328,988 |
397,800 |
| Toll Brothers | ( TOL | Quote | Chart | News | PowerRating) |
94 | 51.36 | 760,634 | 1,403,800 |
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 |
| Atlantic Coast Airlines | ( ACAI | Quote | Chart | News | PowerRating) |
19 | 25.51 | 448,482 | 386,800 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
5 | 51.65 | 10,222,792 | 7,036,700 |
SkyWest |
( SKYW | Quote | Chart | News | PowerRating) |
17 | 24.51 | 543,655 |
689,800 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
4 | 32.88 | 617,752 | 246,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| New Century Financial |
( NCEN | Quote | Chart | News | PowerRating) |
99 | 23.81 | 655,138 |
811,000 |
| Cymer | ( CYMI | Quote | Chart | News | PowerRating) |
98 | 50.74 | 1,109,637 | 2,376,300 |
| ESS Technology | ( ESS | Quote | Chart | News | PowerRating) |
88 | 21.50 | 2,925,671 | 2,005,100 |
| Cummins Engine | ( CUM | Quote | Chart | News | PowerRating) |
88 | 47.94 | 552,419 | 343,300 |
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) |
15 | 23.15 | 2,150,628 | 3,152,700 |
| Human Genome Sciences | ( HGSI | Quote | Chart | News | PowerRating) |
4 | 24.96 | 2,989,852 | 3,274,900 |
| CR Bard | ( BCR | Quote | Chart | News | PowerRating) |
20 | 57.00 | 716,647 | 352,900 |
| Automatic Data Processing | ( ADP | Quote | Chart | News | PowerRating) |
18 | 56.69 | 1,954,757 | 1,690,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Capital One Financial | ( COF | Quote | Chart | News | PowerRating) |
93 | 63.81 | 3,237,171 | 2,960,700 |
| Helmerich and Payne | ( HP | Quote | Chart | News | PowerRating) |
96 | 41.31 | 399,263 | 566,600 |
| Veritas | ( VRTS | Quote | Chart | News | PowerRating) |
83 | 43.84 | 12,340,886 | 10,009,700 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Atlantic Coast Airlines | ( ACAI | Quote | Chart | News | PowerRating) |
19 | 25.51 | 448,482 | 386,800 |
| PEC Solutions | ( PECS | Quote | Chart | News | PowerRating) |
16 | 26.53 | 662,529 | 297,800 |
Waters Corp. |
( WAT | Quote | Chart | News | PowerRating) |
8 | 30.19 | 1,761,229 |
4,585,400 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.