Sunday, October 11, 2009

Russel 2000: Top 20 To Buy And Top 20 To Sell Out Of The 2,000 Companies

We ran the RSI numbers on all the Russel 2000 companies (all 2000 of them!).

The Russell 2000 Index is great because unlike the Dow30 and to a lesser extent the S&P500, it cannot be easily manipulated. The ETF that tarcks is IWM, and it is my favourite ETF due to its liquidity and ease to trade. The index measures the performance of the small-cap segment of the U.S. equity universe. It is a subset of the Russell 3000 Index representing 8% of the its total market capitalization. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.

Characteristics:



RSIs

The average RSIs are:

RSI7-Daily: 58.09
RSI7-Weekly: 59.70
RSI7-Monthly: 56.64

These are the top 25 companies to buy based on the succesful RSI7-Daily methodology (RSI value also shown below):

FOLD 4.56
AATI 7.48
INSP 9.05
ACOR 9.68
APP 9.74
SGEN 13.19
CZNC 13.54
MMSI 13.83
FORM 13.99
SPPI 14.82
STC 14.85
ONXX 14.9
OMCL 15.19
TOBC 15.21
ETRM 15.46
NPSP 15.84
AMAG 16.15
ARQL 16.69
FFKT 16.7
ARP 16.97
CALM 17.28
TISI 18.81
FBP 19.92
LXRX 20.45


Top 20 to Sell (RSI7 shown):

SRI 95.72
GLNG 94.42
ENTU 94.31
ASPM 93.39
PER 92.33
GETI 92.32
SRDX 92.31
CLDA 92.28
KNOL 92.12
PMFG 92.03
SRZ 91.51
MEDX 91.38
LWSN 91.32
UTEK 91.08
CPBY 91.04
ICTG 90.1
HWK 90.01
FFBC 89.85
DFT 89.84
PSEM 88.95
POWR 87.84
OMN 87.66
FSR 87.65
MFW 87.38
CNSL 87.32


We also sorted the companies by the sum of the RSI daily + weekly + monthly.

The top 20 to buy and to sell are, with prices and the sum of the RSI shown:




You may have technical analysis and alerts of these stocks sent automatically to you by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).

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