Watch List for June 26, 1998
Good day today. Watch list had picks for the entire day: Internet was hot this morning, techs were hot in the afternoon, and financials wound off the late afternoon. Still bullish on ELNK, for daytrading and for the intermediate term. FORMF after a really good report was up nicely. Note that FORMF was on a nice upward trend for the past week. BBBY not so nice, the chart had seemed to portray the eventual bad news.
Tomorrow I'm still bullish on RXSD(154% volume higher than average), CSGS (237% volume higher than average), CLST (189% increase in volume).. and the banks on yesterday's watch list. Watch the oil sector in the morning, maybe some earnings coming out will nudge the sector back to life.
Criteria Criteria Values
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REL PERFORMANC 1-DY display only
1/30-DY VOL RATIO display only
MOVING AVG 10-DY display only
STOCK PRICE display only
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Watch List for
06/26/98
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1> PWAV - POWERWAVE TECH INC COM .TES
1-Dy = 107.7 ( 98) VL/30= 171.9 ( 91) 10MA = 108.7 ( 96)
Price= 16.4 ( 62)
Looks like a possible chart reversal here.
2> IIN - I T T INDUSTRIES INC IN COM .APT
1-Dy = 103.3 ( 94) VL/30= 252.5 ( 95) 10MA = 101.1 ( 63)
Price= 35.2 ( 88)
Lots of big blocks went through yesterday on very high volume.WHITE PLAINS, N.Y., June 25 (UPI) _ ITT Industries of New York and Valeo SA of Paris have announced an agreement for the sale of part of ITT's automotive business to Valeo.
Valeo is expected to pay $1.7 billion for ITT's automotive Electrical Systems business, based in Auburn Hills, Mich., with the sale to close in the third quarter of 1998.
In March ITT announced it was reviewing the Brake and Chassis and Electrical Systems business for possible sale.
3> CDO - COMDISCO INC COM .DLD
1-Dy = 108.7 ( 98) VL/30= 253.3 ( 95) 10MA = 105.5 ( 93)
Price= 17.9 ( 66)
Lots of blocks went through.. Increase of volume chart looking better
4> PZZA - PAPA JOHNS INTL INC COM .FFF
1-Dy = 103.2 ( 94) VL/30= 206.1 ( 93) 10MA = 100.0 ( 45)
Price= 40.0 ( 91)
Chart reversal here, increase in volume (150%)
5> SMOD - SMART MODULAR TECH INC COM .DPE
1-Dy = 111.2 ( 99) VL/30= 159.9 ( 90) 10MA = 115.6 ( 99)
Price= 15.5 ( 59)
Could be turnaround for this battered stock..
6> CLST - CELLSTAR CORP COM .TES
1-Dy = 105.1 ( 96) VL/30= 141.8 ( 88) 10MA = 95.3 ( 6)
Price= 12.7 ( 48)
7> AVEI - ARTERIAL VASCULAR ENGR COM .MED
1-Dy = 103.9 ( 95) VL/30= 139.9 ( 87) 10MA = 105.4 ( 93)
Price= 32.8 ( 87)
6/25/98 - AVE SIGNS AGREEMENT WITH COLUMBIA/HCA
SANTA ROSA, Calif., June 25 /PRNewswire/ -- Arterial Vascular Engineering, Inc. ("AVE") (Nasdaq: AVEI) today announced that it has entered into an agreement with the Columbia/HCA system of hospitals to supply AVE's coronary stent systems.
8> BKB - BANKBOSTON CORP COM .BAN
1-Dy = 102.0 ( 91) VL/30= 143.8 ( 88) 10MA = 105.0 ( 92)
Price= 55.9 ( 95)
One of my favorite bank stocks, together with FTU.. I expect some continued strength in the sector as moneys moves out of technology.
9> HOT - STARWOOD HOTELS & RESORTS COM .REA
1-Dy = 102.1 ( 92) VL/30= 75.8 ( 72) 10MA = 102.3 ( 79)
Price= 47.5 ( 93)
One nice company that once it begins to run, can run a while.
10> TOS - TOSCO CORP COM .ORE
1-Dy = 103.2 ( 94) VL/30= 172.4 ( 91) 10MA = 105.3 ( 93)
Price= 29.5 ( 84)
Newsly upgraded, nice company. Support at 27 1/2 and resistance at 35 1/2..Chart reversal?
11> FLEXF - FLEXTRONICS INTL LTD ORD .DCO
1-Dy = 102.8 ( 93) VL/30= 177.9 ( 92) 10MA = 107.0 ( 95)
Price= 41.3 ( 91)
FLEXF came off of 2 separate scans. Trend reversal might be here. Volume indicators show FLEXF is under ACCUMULATION
12> FTU - FIRST UNION CORP COM .BAN
1-Dy = 101.6 ( 90) VL/30= 212.3 ( 94) 10MA = 99.1 ( 20)
Price= 58.9 ( 95)
85 big blocks going through. Good stock in sector that has been neglected for a while.
13> INTV.. price 16.25
All indicators are bullish. Stock is in a strong upward trend. Will have a point & figure double top breakout at 17
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