Wednesday’s Top Names
Conflicting signals are in place tonight, as we
have a
CVR III buy in place following Tuesday’s sell off. However, the daily charts
appear to have the path of least resistance to the downside. Keep an eye to
each side and wait for follow through in a stock before jumping in. The market
has been choppy and a very tough environment, so keep that in mind.
Hottest Sectors:
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
and TheStreet.com Internet Index
(
$IIX.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 |
Accredo Health |
( ACDO | Quote | Chart | News | PowerRating) |
92 | 54.97 | 564,783 |
1,339,100 |
| Anthem | ( ATH | Quote | Chart | News | PowerRating) |
80 | 54.24 | 925,118 | 865,900 |
Oxford Health |
( OHP | Quote | Chart | News | PowerRating) |
92 | 38.02 | 1,031,678 |
1,755,200 |
| Providence Healthcare | ( PRHC | Quote | Chart | News | PowerRating) |
88 | 35.37 | 596,758 | 1,037,400 |
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 |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
10 | 62.00 | 1,203,202 | 643,600 |
| Syncor | ( SCOR | Quote | Chart | News | PowerRating) |
12 | 23.23 | 320,531 | 1,213,700 |
| THQ Inc. |
( THQI | Quote | Chart | News | PowerRating) |
8 | 39.43 | 1,606,606 |
1,834,700 |
| Intrado | ( TRDO | Quote | Chart | News | PowerRating) |
9 | 20.90 | 387,992 | 442,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Storage Technology |
( STK | Quote | Chart | News | PowerRating) |
84 | 24.84 | 756,520 |
1,083,800 |
| Business Objects | ( BOBJ | Quote | Chart | News | PowerRating) |
92 | 40.63 | 776,770 | 877,500 |
| Sabre Holdings | ( TSG | Quote | Chart | News | PowerRating) |
97 | 44.73 | 1,024,075 | 1,360,400 |
| Brunswick Corp. | ( BC | Quote | Chart | News | PowerRating) |
86 | 24.51 | 552,255 | 711,900 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Tyco | ( TYC | Quote | Chart | News | PowerRating) |
1 | 23.10 | 24,190,405 | 173,067,900 |
| Emisphere Technologies | ( EMIS | Quote | Chart | News | PowerRating) |
7 | 20.40 | 431,525 | 890,700 |
| THQ Inc. |
( THQI | Quote | Chart | News | PowerRating) |
8 | 39.43 | 1,606,606 |
1,834,700 |
| Metro One Telecommunications | ( MTON | Quote | Chart | News | PowerRating) |
3 | 21.70 | 473,400 | 578,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
80 | 25.07 | 4,251,097 | 12,062,500 |
| Oxford Health | ( OHP | Quote | Chart | News | PowerRating) |
92 | 38.02 | 1,031,678 | 1,755,200 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Armor Holdings |
( AH | Quote | Chart | News | PowerRating) |
16 | 21.90 | 291,788 |
589,800 |
| Duke Energy | ( DUK | Quote | Chart | News | PowerRating) |
10 | 33.00 | 3,851,077 | 9,330,000 |
| VeriSign | ( VRSN | Quote | Chart | News | PowerRating) |
2 | 26.45 | 10,812,266 | 12,187,500 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.