Wednesday’s Top Names
Volatility was present in both
directions Tuesday, which we love as daytraders.
Signals are in conflict tonight on the
Market Bias page, so make your list of candidates for both long and short,
then trade what you see, not what you think or feel.
Hottest Sectors:
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and Cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and Biotechs
(
$BTK.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 |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
80 | 45.40 | 230,585 | 558,200 |
| Marvell Technology | ( MRVL | Quote | Chart | News | PowerRating) |
93 | 40.85 | 2,706,635 | 3,306,100 |
Rent-a-Center |
( RCII | Quote | Chart | News | PowerRating) |
97 | 50.40 | 294,868 |
152,000 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
87 | 29.83 | 367,888 | 457,300 |
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 |
| Allegan | ( AGN | Quote | Chart | News | PowerRating) |
11 | 63.79 | 1,135,502 | 1,327,300 |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
10 | 65.50 | 624,992 | 675,400 |
Ameripath |
( PATH | Quote | Chart | News | PowerRating) |
19 | 27.05 | 369,131 |
681,400 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
18 | 55.30 | 909,285 | 667,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Ball Corp. | ( BLL | Quote | Chart | News | PowerRating) |
80 | 45.40 | 230,585 | 558,200 |
| OSI Systems | ( OSIS | Quote | Chart | News | PowerRating) |
94 | 25.20 | 720,972 | 546,000 |
| Ticketmaster | ( TMCS | Quote | Chart | News | PowerRating) |
98 | 28.22 | 965,077 | 707,200 |
| Lam Research | ( LRCX | Quote | Chart | News | PowerRating) |
93 | 28.04 | 2,581,358 | 3,300,200 |
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 |
| Cablevision of NY | ( CVC | Quote | Chart | News | PowerRating) |
7 | 34.50 | 1,003,413 | 1,795,500 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
6 | 39.72 | 3,071,177 | 1,149,700 |
| Mylan Labs | ( MYL | Quote | Chart | News | PowerRating) |
8 | 29.97 | 819,159 | 627,600 |
| Mentor Graphics | ( MENT | Quote | Chart | News | PowerRating) |
15 | 21.12 | 676,772 | 3,511,700 |
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) |
95 | 62.75 | 3,247,183 | 2,962,800 |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
89 | 43.35 | 598,297 | 608,400 |
Valero Energy |
( VLO | Quote | Chart | News | PowerRating) |
91 | 48.50 | 1,870,017 |
1,454,600 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Barr Labs | ( BRL | Quote | Chart | News | PowerRating) |
10 | 65.50 | 624,992 | 675,400 |
| Genesis Microchip | ( GNSS | Quote | Chart | News | PowerRating) |
2 | 25.00 | 4,705,798 | 4,294,000 |
| Internet Security Systems | ( ISSX | Quote | Chart | News | PowerRating) |
13 | 23.07 | 2,888,340 | 10,464,300 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.