Wednesday’s Top Names
Tough to call the market
this week, as half of the Street is thinking about last-minute stocking stuffers
and a few days of rest. This translates to thin trading, which could
exhibit extreme moves. If you must trade, stay disciplined and adhere to your
stops. Also, stick with issues showing the highest relative strength, as the
market may chop around. Note the one signal tonight on the
Market Bias Indicators page is a
CVR I signal to the downside. Have a wonderful and safe holiday!
Hottest Sectors:
Cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating) and Forest and Paper
Products
(
$FPP.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and 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 |
Bioreliance |
( BREL | Quote | Chart | News | PowerRating) |
93 | 29.34 | 264,297 |
35,600 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
97 | 66.15 | 9,744,351 | 2,210,400 |
Ryland Group |
( RYL | Quote | Chart | News | PowerRating) |
90 | 74.25 | 508,397 |
112,500 |
| Silicon Labs | ( SLAB | Quote | Chart | News | PowerRating) |
98 | 38.00 | 639,662 | 129,300 |
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 |
| Amgen | ( AMGN | Quote | Chart | News | PowerRating) |
6 | 57.02 | 11,077,814 | 6,293,300 |
| AOL Time-Warner | ( AOL | Quote | Chart | News | PowerRating) |
11 | 31.86 | 20,336,011 | 6,316,200 |
Bristol-Myers Squibb |
( BMY | Quote | Chart | News | PowerRating) |
12 | 52.08 | 6,409,018 |
1,712,900 |
| Invitrogen | ( IVGN | Quote | Chart | News | PowerRating) |
15 | 63.00 | 1,195,835 | 438,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Numerical Technologies | ( NMTC | Quote | Chart | News | PowerRating) |
92 | 34.10 | 714,185 | 313,400 |
3 Month RS of 20 and lower with volume surge in last hour
None Today
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Beazer Homes | ( BZH | Quote | Chart | News | PowerRating) |
81 | 72.38 | 291,385 | 100,200 |
Copart |
( CPRT | Quote | Chart | News | PowerRating) |
81 | 37.90 | 758,223 |
222,100 |
| KB Homes | ( KBH | Quote | Chart | News | PowerRating) |
87 | 40.48 | 602,086 | 252,900 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Bristol-Myers Squibb | ( BMY | Quote | Chart | News | PowerRating) |
12 | 52.08 | 6,409,018 | 1,712,900 |
| Dynegy | ( DYN | Quote | Chart | News | PowerRating) |
1 | 24.38 | 6,563,883 | 1,980,700 |
| WebEx Communications | ( WEBX | Quote | Chart | News | PowerRating) |
13 | 23.81 | 1,691,108 | 658,300 |
Best of luck with your trading Wednesday. Please use
protective stops on trades.