Wednesday’s Top Names
Plenty of opportunity was available Tuesday to
each side, long and short. Tonight I see no reason that would make me recommend
stopping going with the best setups to each side as they make themselves
available. Until we get a solid trend in either direction, neither should you.
Honor your stops and continue to trade both sides of the market.
Hottest Sectors:Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
and Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Computer Technology
(
$XCI.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) |
93 | 91.14 | 360,958 |
740,100 |
| Expedia | ( EXPE | Quote | Chart | News | PowerRating) |
90 | 54.58 | 721,103 | 1,254,400 |
| Sonic Automotive |
( SAH | Quote | Chart | News | PowerRating) |
80 | 26.40 | 270,975 |
625,000 |
| Ticket Master | ( TMCS | Quote | Chart | News | PowerRating) |
92 | 23.28 | 849,592 | 966,200 |
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 |
| Comcast | ( CMCSK | Quote | Chart | News | PowerRating) |
8 | 32.41 | 9,367,645 | 7,791,000 |
| Freddie Mac | ( FRE | Quote | Chart | News | PowerRating) |
17 | 62.70 | 3,539,525 | 3,596,700 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
11 | 40.09 | 3,534,206 |
7,040,300 |
| Microchip Technology | ( MCHP | Quote | Chart | News | PowerRating) |
19 | 33.70 | 2,209,802 | 4,237,400 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Sonic Automotive |
( SAH | Quote | Chart | News | PowerRating) |
80 | 26.40 | 270,975 |
625,000 |
| Getty Images | ( GETY | Quote | Chart | News | PowerRating) |
97 | 26.14 | 681,566 | 633,000 |
| Pohang Iron & Steel | ( PKX | Quote | Chart | News | PowerRating) |
96 | 28.26 | 416,742 | 466,200 |
| Kellogg’s | ( K | Quote | Chart | News | PowerRating) |
86 | 34.27 | 1,658,676 | 954,900 |
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 |
| National Semiconductor | ( NSM | Quote | Chart | News | PowerRating) |
7 | 25.91 | 2,343,214 | 1,703,700 |
| PEC Solutions | ( PECS | Quote | Chart | News | PowerRating) |
16 | 23.50 | 677,814 | 563,500 |
| STMicroelectronics | ( STM | Quote | Chart | News | PowerRating) |
10 | 28.69 | 1,003,242 | 849,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Greater Bay Bancorp | ( GBBK | Quote | Chart | News | PowerRating) |
81 | 32.10 | 369,175 | 1,063,100 |
| Newmont Mining | ( NEM | Quote | Chart | News | PowerRating) |
88 | 24.61 | 5,378,278 | 5,375,100 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
91 | 86.69 | 417,138 | 732,300 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| American Healthways | ( AMHC | Quote | Chart | News | PowerRating) |
5 | 18.41 | 309,133 | 581,100 |
| Freddie Mac | ( FRE | Quote | Chart | News | PowerRating) |
17 | 62.70 | 3,539,525 | 3,596,700 |
| Microchip Technology | ( MCHP | Quote | Chart | News | PowerRating) |
19 | 33.70 | 2,209,802 | 4,237,400 |
Â
Best of luck with your trading Wednesday. Please use
protective stops on trades.