Around the Horn: Extra Innings for December 19 |
By Julie Peterson-Manz |
Published
12/19/2007
|
Stocks
|
Unrated
|
|
Around the Horn: Extra Innings for December 19
Tuesday, December 18, we had three Stocks to Watch, one Extra Inning and four Around the Horn subscription trades on our radar. Of these, two were profitable, one was a loss and five were no-shows.
Rohm & Haas Co (ROH) was a Switch Hitter long for Tuesday’s Around the Horn subscription trade list. ROH took us on a long ride that dropped us off at the stop loss.
Rohm & Haas Co (ROH), 5-Minute Chart
Embarq Corp (EQ) was a Fastball short for Tuesday’s Stocks to Watch trade list. Adrian stated in his Stocks to Watch column we’d be watching for pullback entries and EQ did just that. Entry was at the 48.25 level with a steady decline all day. Exit was on the reverse of these lows.
Embarq Corp (EQ), 5-Minute Chart
MGM Mirage Inc (MGM) was a Fastball short for Tuesday’s Stocks to Watch trade list. Entry was in the morning and MGM traded down sharply for another hour before reversing. Exit was on this reversal and cross of the 8-period moving average.
MGM Mirage Inc (MGM), 5-Minute Chart
Extra Innings and Opportunities for Wednesday, December 19, 2007:
Starwood Hotels & Resorts Worldwide Inc (HOT), 30-Minute Chart
Barr Laboratories Inc (BRL), 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.
|