Around the Horn: Extra Innings for October 3 |
By Julie Peterson-Manz |
Published
10/3/2007
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Stocks
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Unrated
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Around the Horn: Extra Innings for October 3
Tuesday we had three Stocks to Watch, two Extra Innings and five Around the Horn subscription trades on our radar. Of these, one hit for profits, one hit for a loss and the rest were no-shows.
Energizer Holdings Inc (ENR) was a Fastball long for Tuesday’s Stocks to Watch list. At over $100/share on this list we like to locate a reasonable stop level prior to entry, so we weren’t interested in the choppy open. Later in the morning there was an opportunity when ENR seemed to consolidate on support. Exit was on the pullback from this level. A second entry (or if using a breakeven stop) held more profit opportunities, with an afternoon run-up and exit close to end of day on a drop off highs.
Energizer Holdings Inc, 5-Minute Chart
Overseas Shipholding Group Inc (OSG) was a Fastball long for Tuesday morning. Entry was off the open, but ended at the stop loss.
Overseas Shipholding Group Inc, 5-Minute Chart
Extra Innings and Opportunities for Wednesday, October 3, 2007:
Oshkosh Truck Corp, 30-Minute Chart
Affiliated Computer Services Inc, 30-Minute Chart
Honeywell International Inc, 30 Minute-Chart
P.S. If you enjoy my column and would like to join our Intraday Trading Plan, it's only $1 for a 30-day trial. Click here to start receiving our best trading setups for every trading day.
Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.com.
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