Wednesday’s Top Names
The broader
markets sold off heavily off the Dow Jones Industrials. Markets have discounted
the notion that the Fed will oblige the economy with another rate cut, as the
economic data which was released today was better than expected. In addition,
traders are awaiting President Bush’s State of the Union Address this evening.
News will definitely affect the tape tomorrow.
Hottest Sectors:
Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Broker/Dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) and
Banking
(
$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 |
| Action Performance |
( ACTN | Quote | Chart | News | PowerRating) |
91 | 39.85 | 386,500 | 669,800 |
| Affymetrix | ( AFFX | Quote | Chart | News | PowerRating) |
96 | 32.30 | 1,523,500 | 4,557,900 |
| Internet Security Systems |
( ISSX | Quote | Chart | News | PowerRating) |
92 | 39.19 | 2,258,800 | 4,142,100 |
| WebSense Inc. | ( WBSN | Quote | Chart | News | PowerRating) |
91 | 28.19 | 398,200 | 402,600 |
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 |
| Abgenix Inc | ( ABGX | Quote | Chart | News | PowerRating) |
4 | 23.25 | 1,530,681 | 1,359,500 |
| CYTYC Corp. | ( CYTC | Quote | Chart | News | PowerRating) |
4 | 21.29 | 1,851,200 | 1,800,100 |
| Engineered Support Systems |
( EASI | Quote | Chart | News | PowerRating) |
7 | 33.14 | 289,400 | 303,100 |
| National Semiconductor | ( NSM | Quote | Chart | News | PowerRating) |
17 | 27.74 | 2,367,900 | 2,871,800 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Expedia Inc | ( EXPE | Quote | Chart | News | PowerRating) |
93 | 55.86 | 553,200 | 4,340,600 |
| Internet Security Solutions |
( ISSX | Quote | Chart | News | PowerRating) |
92 | 39.19 | 2,258,800 | 4,142,400 |
| Precise Software Solutions | ( PRSE | Quote | Chart | News | PowerRating) |
94 | 24.40 | 557,100 | 482,200 |
| Kronos Inc | ( KRON | Quote | Chart | News | PowerRating) |
90 | 52.11 | 366,300 | 414,500 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cox Communications | ( COX | Quote | Chart | News | PowerRating) |
9 | 37.00 | 1,248,900 | 1,916,300 |
| Cabot Microelectronics Corp. | ( CCMP | Quote | Chart | News | PowerRating) |
20 | 61.01 | 1,192,900 | 1,660,600 |
| Dow Chemical Company | ( DOW | Quote | Chart | News | PowerRating) |
4 | 28.05 | 5,958,900 | 3,410,200 |
| Engineered Support Systems | ( EASI | Quote | Chart | News | PowerRating) |
7 | 33.14 | 289,400 | 303,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Action Performance |
( ACTN | Quote | Chart | News | PowerRating) |
91 | 39.85 | 386,500 | 674,500 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Abgenix Inc | ( ABGX | Quote | Chart | News | PowerRating) |
4 | 23.25 | 1,689,200 | 1,359,500 |
| CYTYC Corp | ( CYTC | Quote | Chart | News | PowerRating) |
4 | 21.29 | 1,851,200 | 1,800,100 |
| Elan Corporation | ( ELN | Quote | Chart | News | PowerRating) |
2 | 34.08 | 2,460,200 | 6,758,900 |
Best of luck with your trading
Wednesday. Please use
protective stops on trades.