Jun

30

Trading Ideas for Tuesday

By Teresa | Filed Under Trading Ideas | 2 Comments 

The stock scan conducted after the close on Monday found 19 winners and 107 losers. Click on the column headers below to sort the list of winners.

The scan is designed to find stocks that are current “in play”; criteria includes price movement, range and liquidity (500,000 shares on the day, 20-day average volume of 1.5 million shares). The entire list has been ranked and sorted relative to performance against the S&P 500 and the NASDAQ 100 indexes. Please refer to the podcast for background information.

Ticker Close %Change Sell Stop Buy Stop %ToStop
CLF 119.19 7.48% 101.88   -14.52
EXXI 6.92 5.62%   7.05 1.93
BTU 88.05 4.76% 75.71   -14.01
TS 74.50 3.28% 68.99   -7.40
WFT 49.59 2.41% 44.57   -10.11
HAL 53.07 1.84% 49.65   -6.45
CPO 49.11 1.15% 48.23   -1.79
VRTX 33.47 3.11% 30.35   -9.33
ANSS 47.12 1.05% 44.53   -5.50
SLB 107.43 1.44% 99.39   -7.49
XLE 88.48 1.55% 83.84   -5.25
DVN 120.16 4.67% 113.23   -5.77
KG 10.47 2.05% 9.45   -9.72
WYE 47.96 4.06%   48.25 0.60
KGC 23.61 1.20% 21.23   -10.08
TWM 78.80 2.35% 71.67   -9.05
LNCR 28.40 1.18% 26.89   -5.32
$NDX.X 1837.09 -1.00%      
QID 44.83 1.78% 40.86   -8.87
DNA 75.90 3.52% 72.18   -4.90
$SPX.X 1280.00 0.12%      

Questions and Comments

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  1. Richard on July 1st, 2008 12:31 AM

    The Plywood Indicator.
    I note the BNSF RR cars that travel from Canada to the US along my Pacific Coast bike route. During the real estate building craze one train might haul 50 cars of BC, wooden structual panels (plywood & OSB). Eventually the panel car count dropped to virtually zero. Some weeks back I counted a train with only two cars, and it was heading from South to North. So today I was surprised to see 19 cars heading South. That material maybe headed to repair flood damage in the US midwest or, who knows, new construction.

  2. Mark on July 2nd, 2008 5:54 AM

    Richard-

    $TRAN action has not been good.

    T, yesterday’s action had the feel of “short squeezing” to me. Not that rallies can’t start that way. “Turnaround Tuesday” comes through again.