Wednesday’s Top Names
We got follow through on
Monday from the four red arrows on the
Market Bias Indicators page, but expect anything with the first-teamers
coming back from vacation after their holiday break. The thin holiday trading
environment may not be an indication of how things will play out once the big
boys return, and then again, it may just be a tip-off to how 2002 will begin.
Get your candidates ready, and go in whichever direction they come out of the
box.
Hottest Sectors: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) and
Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Semiconductors
(
$SOX.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 |
Photon Dynamics |
( PHTN | Quote | Chart | News | PowerRating) |
87 | 45.65 | 310,243 |
380,000 |
| Pacific Sunwear | ( PSUN | Quote | Chart | News | PowerRating) |
83 | 20.42 | 789,546 | 838,000 |
SkyWest |
( SKYW | Quote | Chart | News | PowerRating) |
81 | 25.45 | 813,780 |
913,000 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) |
83 | 136.90 | 500,694 | 408,100 |
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 |
| Andrx Corp. | ( ADRX | Quote | Chart | News | PowerRating) |
19 | 70.41 | 1,672,831 | 549,600 |
| Amgen | ( AMGN | Quote | Chart | News | PowerRating) |
4 | 56.43 | 10,740,245 | 9,780,700 |
Biogen |
( BGEN | Quote | Chart | News | PowerRating) |
18 | 57.35 | 3,292,857 |
1,839,100 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
11 | 50.50 | 16,129,168 | 7,090,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Pacific Sunwear | ( PSUN | Quote | Chart | News | PowerRating) |
83 | 20.42 | 789,546 | 838,000 |
| Fairchild Semiconductor | ( FCS | Quote | Chart | News | PowerRating) |
84 | 28.10 | 1,310,465 | 3,573,300 |
| Accenture | ( ACN | Quote | Chart | News | PowerRating) |
94 | 26.92 | 1,629,800 | 855,500 |
| USA Network | ( USAI | Quote | Chart | News | PowerRating) |
85 | 27.32 | 4,510,690 | 1,843,600 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Amgen | ( AMGN | Quote | Chart | News | PowerRating) |
4 | 56.43 | 10,740,245 | 9,780,700 |
| Macrovision | ( MVSN | Quote | Chart | News | PowerRating) |
17 | 35.28 | 1,130,815 | 838,800 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
8 | 61.95 | 1,318,245 | 692,500 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
11 | 50.50 | 16,129,168 | 7,090,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| O2 Micro |
( OIIM | Quote | Chart | News | PowerRating) |
91 | 24.05 | 469,837 |
438,000 |
| SteriCycle | ( SRCL | Quote | Chart | News | PowerRating) |
80 | 60.88 | 284,695 | 169,500 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| AOL Time-Warner | ( AOL | Quote | Chart | News | PowerRating) |
7 | 32.10 | 19,407,560 | 15,526,600 |
| Eastman-Kodak | ( EK | Quote | Chart | News | PowerRating) |
7 | 29.43 | 2,664,568 | 4,620,400 |
| Watson Pharmaceuticals | ( WPI | Quote | Chart | News | PowerRating) |
1 | 31.39 | 1,554,828 | 583,300 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.