Around the Horn: Extra Innings for April 21 |
By Julie Peterson-Manz |
Published
04/21/2008
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Stocks
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Unrated
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Around the Horn: Extra Innings for April 21
Friday, April 18, we had two Stocks to Watch, one Extra Inning and two Around the Horn subscription trades on our radar. Of these, two were profitable, one was a scratch and two were no-shows.
AMB Property Corp (AMB) was a Backdoor Slider long for Friday’s Around the Horn subscription trade list. AMB gapped open and pulled back sharply, but briefly. If you caught this one, it was almost immediately profitable, but this was a tough one to catch.
AMB Property Corp, 5-Minute Chart
Hershey Co (HSY) was a short for Friday’s Extra Inning trade list. HSY gapped open and traded higher, but yet again failed to move higher. Entry opportunities existed at every pivot level, with the first at the R1 pivot. Exit for scalp profits existed all of the way down, with the largest one at the bounce off the S2 pivot.
Hershey Co, 5-Minute Chart
Extra Innings and Opportunities for Monday, April 21, 2008:
Headwaters Inc, 30-Minute Chart
Sempra Energy, 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.
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