Wednesday’s Top Names
The markets had
a roller-coaster ride Tuesday, but managed to end the session higher.
The Nasdaq closed above the 2,000 level, but the Dow Jones Industrial
Average still meanders below the 10,000 level. Tonight we have a CVR 2 buy
signal point up, giving us a slightly upward bias going into Wednesday’s session.
It should be noted that a number of Nasdaq 100 stocks are due to report
earnings, so things could change depending on the outcome.
Hottest Sectors:
Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: GSTI Internet
(
$GIN.X |
Quote |
Chart |
News |
PowerRating) and
Forrest & Paper Products
(
$FPP.X |
Quote |
Chart |
News |
PowerRating).
Monday’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) |
90 | 31.60 | 393,909 | 2,547,200 |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
96 | 49.50 | 15,225,681 |
17,352,500 |
| Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
96 | 68.49 | 2,529,318 | 2,727,800 |
| JSA Software | ( JDAS | Quote | Chart | News | PowerRating) |
94 | 27.65 | 295,590 | 949,900 |
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 |
| General Dynamics | ( GD | Quote | Chart | News | PowerRating) |
6 | 77.25 | 1,360,363 | 1,096,600 |
| Ilex Oncology | ( ILXO | Quote | Chart | News | PowerRating) |
15 | 25.33 | 294,272 |
176,700 |
| Intersil Corp |
( ISIL | Quote | Chart | News | PowerRating) |
9 | 32.42 | 3,023,590 | 4,027,900 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
13 | 46.55 | 14,513,181 | 18,083,000 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Acredo Health | ( ACDO | Quote | Chart | News | PowerRating) |
96 | 49.49 | 525,818 | 759,100 |
| Documentum | ( DCTM | Quote | Chart | News | PowerRating) |
94 | 23.56 | 710,590 | 437,800 |
| Integrated Circuit Systems | ( ICST | Quote | Chart | News | PowerRating) |
97 | 23.50 | 1,316,636 | 2,028,400 |
| Rational Software | ( RATL | Quote | Chart | News | PowerRating) |
90 | 23.66 | 3,499,000 | 5,534,500 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Black Box | ( BBOX | Quote | Chart | News | PowerRating) |
19 | 53.28 | 348,000 | 1,542,700 |
United Health Services |
( UHS | Quote | Chart | News | PowerRating) |
4 | 39.51 | 716,045 | 811,700 |
| Airgate PCS | ( PCSA | Quote | Chart | News | PowerRating) |
2 | 29.84 | 556,863 | 1,469,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Documentum Corp. |
( DCTM | Quote | Chart | News | PowerRating) |
94 | 23.56 | 710,590 | 437,800 |
| JDA Software |
( JDAS | Quote | Chart | News | PowerRating) |
94 | 27.65 | 295,590 | 949,900 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Intersil Corp. |
( ISIL | Quote | Chart | News | PowerRating) |
9 | 32.42 | 3,023,590 | 4,032,400 |
Best of luck with your trading
Wednesday. Please use
protective stops on trades.