Wednesday’s Top Names
The market continues to shrug
off bad news. While the feeling is that
it has to correct at some point, we will continue to trade whatever Mr. Market
wants to give us. Tuesday’s action took off without the semis and tech, if those
get turned around as well, we could really see some upside motion.
Hottest Sectors: Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating) and the
Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and High Technology
(
$PSE.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 |
| Americredit | ( ACF | Quote | Chart | News | PowerRating) |
99 | 38.31 | 2,640,126 | 8,824,700 |
| Beazer Homes | ( BZH | Quote | Chart | News | PowerRating) |
84 | 91.35 | 411,843 | 451,600 |
InVision Technologies |
( INVN | Quote | Chart | News | PowerRating) |
96 | 48.29 | 2,715,857 |
3,841,600 |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
94 | 45.30 | 482,672 | 3,590,700 |
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 |
| Celestica | ( CLS | Quote | Chart | News | PowerRating) |
19 | 38.86 | 2,686,548 | 3,590,700 |
| eBay | ( EBAY | Quote | Chart | News | PowerRating) |
9 | 58.68 | 6,349,177 | 5,146,300 |
InterMune |
( ITMN | Quote | Chart | News | PowerRating) |
4 | 33.23 | 1,189,811 |
864,000 |
| Myriad | ( MYGN | Quote | Chart | News | PowerRating) |
2 | 34.87 | 1,180,902 | 879,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Penn National Gaming |
( PENN | Quote | Chart | News | PowerRating) |
89 | 34.96 | 650,319 |
582,300 |
| Fred’s Inc. | ( FRED | Quote | Chart | News | PowerRating) |
91 | 35.53 | 504,395 | 475,400 |
| Sonic Corp. | ( SONC | Quote | Chart | News | PowerRating) |
84 | 22.78 | 595,071 | 895,400 |
| Advanced Energy Industries | ( AEIS | Quote | Chart | News | PowerRating) |
97 | 32.28 | 498,195 | 840,100 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Quest Software | ( QSFT | Quote | Chart | News | PowerRating) |
9 | 20.16 | 1,041,395 | 913,500 |
| Aon Corp. | ( AOC | Quote | Chart | News | PowerRating) |
18 | 34.45 | 1,473,961 | 1,158,600 |
| First Tennessee National | ( FTN | Quote | Chart | News | PowerRating) |
17 | 35.52 | 427,695 | 424,400 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
4 | 36.45 | 570,438 | 467,500 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Black and Decker | ( BDK | Quote | Chart | News | PowerRating) |
86 | 48.90 | 810,915 | 1,573,400 |
| Multimedia Games | ( MGAM | Quote | Chart | News | PowerRating) |
87 | 32.70 | 206,580 | 426,000 |
| Sonic Automotive | ( SAH | Quote | Chart | News | PowerRating) |
97 | 32.30 | 324,737 | 637,400 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Metro One Communications | ( MTON | Quote | Chart | News | PowerRating) |
8 | 25.15 | 554,974 | 350,800 |
| Polycom | ( PLCM | Quote | Chart | News | PowerRating) |
5 | 25.82 | 3,309,634 | 1,293,200 |
| TMP Worldwide |
( TMPW | Quote | Chart | News | PowerRating) |
11 | 36.90 | 3,227,998 |
3,132,100 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.