Wednesday’s Top Names
The markets ended the session lower after
the long holiday weekend. Once again the earnings season weighed
heavy on the action today, and most probably will play a role in the next few
sessions as the technology sectors are due to report earnings this week. No market bias signals triggered on the close.
Hottest Sectors:
Forest and Paper
(
$FPP.X |
Quote |
Chart |
News |
PowerRating) and Pharmaceuticals
(
$DRG.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductor
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and
Interactive Internet
(
$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 |
| Alliance Gaming |
( ALLY | Quote | Chart | News | PowerRating) |
97 | 33.02 | 468,090 | 839,000 |
| Computer Network Technology Center | ( CMNT | Quote | Chart | News | PowerRating) |
95 | 22.01 | 518,454 | 354,100 |
| Furniture Brands |
( FBN | Quote | Chart | News | PowerRating) |
90 | 35.09 | 369,727 | 487,900 |
| Marvell Technologies | ( MRVL | Quote | Chart | News | PowerRating) |
97 | 43.53 | 2,741,454 | 3,944,000 |
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 |
| THQ Inc. | ( THQI | Quote | Chart | News | PowerRating) |
3 | 42.30 | 1,600,363 | 949,400 |
| Intersil Corp | ( ISIL | Quote | Chart | News | PowerRating) |
12 | 27.52 | 3,101,045 | 2,892,200 |
| Minnesota Mining & Manufacturing |
( MMM | Quote | Chart | News | PowerRating) |
19 | 106.42 | 1,902,636 | 2,042,900 |
| Qualcomm Inc | ( QCOM | Quote | Chart | News | PowerRating) |
14 | 41.40 | 13,996,909 | 18,428,900 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Atlantic Coast Airlines | ( ACAI | Quote | Chart | News | PowerRating) |
94 | 25.65 | 477,045 | 353,100 |
| Computer Network Technology Center | ( CMNT | Quote | Chart | News | PowerRating) |
95 | 22.01 | 518,454 | 354,100 |
| Broadcom Corp | ( BRCM | Quote | Chart | News | PowerRating) |
97 | 43.55 | 15,337,772 | 20,377,500 |
| Lumenis Ltd | ( LUME | Quote | Chart | News | PowerRating) |
90 | 22.00 | 616,681 | 750,200 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| CV Therapeutics | ( CVTX | Quote | Chart | News | PowerRating) |
20 | 44.01 | 1,113,090 | 1,059,000 |
| ADRX Corp | ( ADRX | Quote | Chart | News | PowerRating) |
7 | 60.49 | 1,333,545 | 1,104,400 |
| Intersil Corp. | ( ISIL | Quote | Chart | News | PowerRating) |
12 | 27.52 | 3,101,045 | 2,892,200 |
| Qualcomm Inc | ( QCOM | Quote | Chart | News | PowerRating) |
14 | 41.40 | 13,996,909 | 18,428,900 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Marvell Technology |
( MRVL | Quote | Chart | News | PowerRating) |
97 | 43.53 | 2,741,454 | 3,944,000 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Intersil Corp. | ( ISIL | Quote | Chart | News | PowerRating) |
12 | 27.52 | 3,101,045 | 2,892,200 |
| Qualcomm Inc | ( QCOM | Quote | Chart | News | PowerRating) |
14 | 41.40 | 13,996,909 | 18,428,900 |
| THQ Inc. | ( THQI | Quote | Chart | News | PowerRating) |
3 | 42.30 | 1,600,363 | 949,400 |
| Webex Communications |
( WEBX | Quote | Chart | News | PowerRating) |
19 | 23.00 | 1,387,318 | 371,700 |
Best of luck with your trading
Wednesday. Please use
protective stops on trades.