Wednesday, June 4, we had three Stocks to Watch, one Extra Inning and three Around the Horn subscription trades on our radar. Of these two were profitable, one was a scratch and the rest were no shows.

OM Group Inc (OMG) was a Switch Hitter short for Wednesday’s Around the Horn subscription trade list. OMG hit the entry off the open and quickly traded down to the initial profit target. Exit was at this level.

OM Group Inc (OMG), 5-Minute Chart


Arena Resources Inc (ARD) was a Switch Hitter short for Wednesday’s Stocks to Watch trade list. Although ARD gapped down on the open, ARD had a few entry opportunities, one in the morning on a pivot to pivot play and another in the afternoon.

Arena Resources Inc (ARD), 5-Minute Chart


Extra Innings and Opportunities for Thursday, June 4, 2008:

OM Group Inc (OMG), 30-Minute Chart


Genetech Inc (DNA), 30-Minute Chart


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