Around the Horn: Extra Innings for October 8 |
By Julie Peterson-Manz |
Published
10/8/2007
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Stocks
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Unrated
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Around the Horn: Extra Innings for October 8
Friday we had three Stocks to Watch and three Around the Horn subscription trades on our radar. Of these, one hit for profits, one hit for a scratch to the upside and the rest were no-shows, leaving at least a couple Extra Innings, below.
Community Health Systems Inc (CYH) was a Switch Hitter short for Friday’s Around the Horn subscription list. CYH triggered in the afternoon but didn’t go much of anywhere on a day of S&Ps driving higher.
Community Health Systems, Inc, 5-Minute Chart
AGCO Corp (AG) was a Switch Hitter long for Friday’s Stocks to Watch list. AG gapped up with the futures in the morning, but pulled in just enough to hit our entry level. Exit depended on your particular stop level. Less than an hour into trading AG pulled back to a 50% fib level, crossing the 8-period simple moving average. Some or all shares could have been peeled off in this area, or a stop that accommodated this kept the trade alive until late afternoon.
AGCO Corp, 5-Minute Chart
Extra Innings and Opportunities for Monday, October 8, 2007:
Community Health Systems, Inc, 30-Minute Chart
Bunge Ltd, 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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