Around the Horn: Extra Innings for March 5 |
By Julie Peterson-Manz |
Published
03/5/2008
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Stocks
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Unrated
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Around the Horn: Extra Innings for March 5
Tuesday, March 4, we had three Stocks to Watch, two Extra Innings and five Around the Horn subscription trades on our radar. Of these, two were profitable, one was a scratch trade and the rest were no shows.
Nucor Corp (NUE) was Switch Hitter long for Tuesday’s Stocks to Watch trade list. NUE opened and quickly hit our suggested entry level before taking off like a rocket. Exit was on a resistance level and drop from that level for nearly 2 points of profit opportunity.
NUE Corp (NUE), 5-Minute Chart
BB&T Corp (BBT) was an Extra Inning short for Tuesday’s trade list. Entry was on a break below morning consolidation after failed highs. BBT traded quickly lower before reversing. Exit was on the break up from this level.
Bb&T Corp (BBT), 5-Minute Chart
Extra Innings and Opportunities for Wednesday, March 5, 2008:
William Wrigley Jr Co (WWY), 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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