Monday we had one Stocks to Watch, one Extra Inning and one Around the Horn subscription trade on our radar. Of these, two hit for scratch trades and one took us to the stop loss.
Energen Corp (EGN) was a Sinker short for Monday’s Around the Horn subscription trade list. Entry was in the morning off the test of Thursday’s highs and lingered in a wide consolidation for the rest of the morning before trading along with the market momentum up to our stop loss. Exit was at this level.
Energen, 5-minute Chart
Extra Innings and Opportunities for Tuesday, October 30, 2007:
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