Wednesday’s Top Names
With the daily charts on the indices set up as
false rallies from the recent low, the bias is toward the shortside Tuesday
evening. Keep some longs ready in case momentum shows up again, but a choppy
market that feels heavy may be in store for a move down.
Hottest Sectors:
Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Airlines
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating)
and Banks
(
$BKX.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 |
Beazer Homes |
( BZH | Quote | Chart | News | PowerRating) |
98 | 87.50 | 354,958 |
335,200 |
| Centex | ( CTX | Quote | Chart | News | PowerRating) |
91 | 57.24 | 879,940 | 1,064,700 |
Internet Security Systems |
( ISSX | Quote | Chart | News | PowerRating) |
88 | 36.06 | 2,559,498 |
2,889,500 |
| Hotel Reservation Network | ( ROOM | Quote | Chart | News | PowerRating) |
89 | 46.72 | 275,049 | 1,550,400 |
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) |
13 | 63.25 | 1,160,511 | 1,014,800 |
| FEI Company | ( FEIC | Quote | Chart | News | PowerRating) |
6 | 27.77 | 421,288 | 738,700 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
11 | 46.85 | 3,242,718 |
3,225,800 |
| Sage, Inc. | ( SAGI | Quote | Chart | News | PowerRating) |
14 | 26.75 | 374,375 | 144,400 |
3 Month RS of 80 and
higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pharmaceutical Product Development | ( PPDI | Quote | Chart | News | PowerRating) |
92 | 32.83 | 536,809 | 409,500 |
| Phelps Dodge | ( PD | Quote | Chart | News | PowerRating) |
90 | 36.36 | 994,123 | 962,600 |
| Parker-Hannifin | ( PH | Quote | Chart | News | PowerRating) |
80 | 47.60 | 652,300 | 688,400 |
3 Month RS of 20 and lower
with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cabot Microelectronics | ( CCMP | Quote | Chart | News | PowerRating) |
13 | 63.25 | 1,160,511 | 1,014,800 |
| Retek | ( RETK | Quote | Chart | News | PowerRating) |
9 | 21.42 | 1,501,004 | 1,271,700 |
SeaChange International |
( SEAC | Quote | Chart | News | PowerRating) |
11 | 24.99 | 831,388 |
595,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Anglogold | ( AU | Quote | Chart | News | PowerRating) |
94 | 23.39 | 696,706 | 744,600 |
| Pharmaceutical Product Development | ( PPDI | Quote | Chart | News | PowerRating) |
92 | 32.83 | 536,809 | 409,500 |
| TTI Team Telecom | ( TTIL | Quote | Chart | News | PowerRating) |
97 | 33.25 | 336,305 | 384,900 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
3 | 40.50 | 15,040,543 | 12,568,900 |
| Timberland | ( TBL | Quote | Chart | News | PowerRating) |
16 | 31.59 | 294,469 | 382,900 |
Best of luck with your trading Wednesday. Please
use protective stops on trades.