Wednesday’s Top Names
A quiet day in the red today. There
was no major economic news to influence the markets. It was just pure profit
taking, with light volume, and no flurry of sellers. The three
major indices had a chance to test their 50-day moving averages which are now
the support levels. All three, the Dow
(
$INDU |
Quote |
Chart |
News |
PowerRating),
Nasdaq
(
$COMPQ |
Quote |
Chart |
News |
PowerRating) and the S&P 500
(
$SPX.X |
Quote |
Chart |
News |
PowerRating) closed
negative, but above their 50-day moving averages.
The stronger sectors on the day were: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating), Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating). REITs, Cable and
Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
The weaker sectors today included:
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating), Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating), Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating), Banks
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Brokers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating)
Wednesday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alliance Capital Management | ( AC | Quote | Chart | News | PowerRating) |
82 | 33.45 | 267,295 | 226,900 |
| Aflac | ( AFL | Quote | Chart | News | PowerRating)] |
82 | 31.10 | 1,990,439 | 1,594,800 |
| A.G. Edwards |
( AGE | Quote | Chart | News | PowerRating) |
80 | 38.15 | 404,982 |
344,900 |
| Deluxe Corp | ( DLX | Quote | Chart | News | PowerRating) |
95 | 46.02 | 393,366 | 341,800 |
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 |
| Intermune | ( ITMN | Quote | Chart | News | PowerRating) |
18 | 20.75 | 788,967 | 584,170 |
| JetBlue Airlines | ( JBLU | Quote | Chart | News | PowerRating) |
9 | 38.25 | 491,247 | 837,196 |
United Auto Group |
( UAG | Quote | Chart | News | PowerRating) |
5 | 16.78 | 221,232 |
310,700 |
| Astrazeneca | ( AZN | Quote | Chart | News | PowerRating) |
6 | 39.65 | 795,618 | 7,249,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Newport | ( NEWP | Quote | Chart | News | PowerRating) |
86 | 18.25 | 976.449 | 2,465,225 |
| Tyco International | ( TYC | Quote | Chart | News | PowerRating) |
89 | 13.35 | 26,367,354 | 22,372,300 |
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 |
| Overture Services | ( OVER | Quote | Chart | News | PowerRating) |
93 | 23.16 | 1,485,401 | 1,844,395 |
| United Surgical Partners | ( USPI | Quote | Chart | News | PowerRating) |
87 | 30.16 | 236,863 | 403,600 |
| Varian, Inc. | ( VARI | Quote | Chart | News | PowerRating) |
95 | 34.43 | 497,462 | 254,400 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Navistar | ( NAV | Quote | Chart | News | PowerRating) |
15 | 23.98 | 542,736 | 819,300 |
| TransOcean Sedco | ( RIG | Quote | Chart | News | PowerRating) |
19 | 25.01 | 3,165,245 | 3,438,600 |
| Shaw Group | ( SGR | Quote | Chart | News | PowerRating) |
1 | 15.91 | 906,657 | 914,900 |
Best of luck with your trading. Please use
protective stops on trades.