Around the Horn: Extra Innings for October 29 |
By Julie Peterson-Manz |
Published
10/29/2007
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Stocks
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Unrated
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Around the Horn: Extra Innings for October 29
Friday we had three Stocks to Watch, one Extra Inning, and one Around the Horn subscription trade on our radar. Of these, two hit for profits, one had mild losses and two were no-shows.
Yum Brand Inc (YUM) was a Sinker short for Friday’s Around the Horn subscription trade list. Entry was shortly after the open off the test of Thursday’s highs and lingered in a wide consolidation for the rest of the day. Exit was end of day.
Yum Brand Inc, 5-Minute Chart
Arch Coal Inc (ACI) was a Line Drive long for Friday’s Stocks to Watch trade list. Entry was mid-day on a pullback from morning volume. ACI traded up fairly regularly for most of the day, with an exit late in the day on a bounce off of new high and cross the 8-period moving average.
Arch Coal Inc, 5 Minute Chart
Cec Entertainment (CEC) was a long Extra Inning setup for Friday from this Nightly Wrap column. Entry was in the morning, but doubtfully off of the opening bar since the volatility whipped it up and back quickly. Another opportunity existed a little later on a bounce up off of lows, with an exit off the fall from highs and through the 8-period moving average.
Cec Entertainment Inc, 5-Minute Chart
Extra Innings and Opportunities for Monday, October 29, 2007:
Yum Brand Inc, 30-Minute Chart
P.S. If you enjoy my column and would like to join our Intraday Trading Plan, try it free for a week. 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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