Wednesday’s Top Names
It was a tough market on
Tuesday, as the Dow
(
$INDU |
Quote |
Chart |
News |
PowerRating) pulled back for the first day, and the Nasdaq
(
$COMPX |
Quote |
Chart |
News |
PowerRating) managed to post a small gain.
Still, it is normal for markets to walk off some of
their gains and correct slightly, so more possible downside action is to be
expected. In the event the market does not want to cooperate, be ready to go
with it in the event it wants to run.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Broker/Dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and
Airlines
(
$XAL.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 |
| Â Cognos | ( COGN | Quote | Chart | News | PowerRating) |
82 | 29.75 | 452,551 | 1,289,000 |
| Digital Insight | ( DGIN | Quote | Chart | News | PowerRating) |
84 | 28.30 | 398,066 | 1,526,600 |
| NCO Group |
( NCOG | Quote | Chart | News | PowerRating) |
95 | 27.97 | 350,578 |
1,337,800 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
85 | 142.45 | 780,740 | 974,800 |
Â
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 |
| Cerner | ( CERN | Quote | Chart | News | PowerRating) |
8 | 45.00 | 582,257 | 596,700 |
| Enzon | ( ENZN | Quote | Chart | News | PowerRating) |
5 | 41.20 | 1,304,118 | 1,906,800 |
| Retek | ( RETK | Quote | Chart | News | PowerRating) |
9 | 25.53 | 1,208,922 |
1,704,100 |
| Teva Pharmaceuticals | ( TEVA | Quote | Chart | News | PowerRating) |
20 | 57.13 | 962,182 | 634,600 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Carmax | ( KMX | Quote | Chart | News | PowerRating) |
98 | 26.61 | 852,790 | 408,200 |
| Sonic Corp. | ( SONC | Quote | Chart | News | PowerRating) |
81 | 28.05 | 332,420 | 385,700 |
| Goodyear Tire | ( GT | Quote | Chart | News | PowerRating) |
92 | 27.13 | 1,435,590 | 858,600 |
| Starwood Hotels | ( HOT | Quote | Chart | News | PowerRating) |
89 | 37.28 | 1,705,290 | 2,726,200 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Shire Pharmaceuticals |
( SHPGY | Quote | Chart | News | PowerRating) |
3 | 21.06 | 1,245,119 |
2,687,900 |
| Priority Healthcare | ( PHCC | Quote | Chart | News | PowerRating) |
6 | 24.25 | 607,014 |
428,900 |
Regeron Pharmaceuticals |
( REGN | Quote | Chart | News | PowerRating) |
12 | 25.40 | 875,919 |
612,800 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Dean Foods | ( DF | Quote | Chart | News | PowerRating) |
97 | 72.22 | 529,382 | 447,900 |
| Digital Insight | ( DGIN | Quote | Chart | News | PowerRating) |
84 | 28.30 | 398,066 | 1,526,600 |
| NCO Group |
( NCOG | Quote | Chart | News | PowerRating) |
95 | 27.97 | 350,578 |
1,337,800 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| CSG Systems | ( CSGS | Quote | Chart | News | PowerRating) |
13 | 33.87 | 862,105 | 760,300 |
| Genzyme | ( GENZ | Quote | Chart | News | PowerRating) |
14 | 42.86 | 5,763,268 | 4,496,200 |
| Radio Shack | ( RSH | Quote | Chart | News | PowerRating) |
19 | 27.63 | 1,825,043 | 1,472,500 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.