Friday, April 3, we had three Stocks to Watch, one Extra Inning and two Around the Horn subscription trades on our radar. Of these, one was profitable, one was a gap, two were no shows and two were scratches.

Health Care Reit Inc (HCN) was Sinker short for Friday’s Around the Horn subscription trade list. HCN tested yesterday’s high then hit our entry just off the open. HCN traded almost immediately lower and over the course of the next hour to our initial profit target. Exit for partial or all shares was at this level, with any remaining shares closed out end of day on the extension downward.

Health Care Reit Inc (HCN), 5-Minute Chart


Extra Innings and Opportunities for Monday, April 7, 2008:

Principal Financial Group (PFG), 30-Minute Chart


BRE Properties, Inc (BRE), 30-Minute Chart


Walter Industries Inc (WLT), 30-Minute Chart


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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.