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Around The Horn: Extra Innings For June 12
By Julie Peterson-Manz | Published  06/12/2008 | Stocks | Unrated
Around The Horn: Extra Innings For June 12

Wednesday, June 10, we had one Stocks to Watch, one Extra Inning and one Around the Horn subscription trade on our radar. Of these two were profitable and the other was a scratch.

Marvel Entertainment (MVL) was a Sinker short for Wednesday’s Around the Horn subscription trade list. MVL did not qualify by challenging Tuesday high until late in the day, but that time it played out by the book. Exit was at this level.

Marvel Entertainment (MVL), 5-Minute Chart


Equifax Inc (EFX) was an Extra Inning for Wednesday. EFX opened and briefly traded higher but there was a profit opportunity on an entry below the central pivot. Exit was possible along the S2 and S1 pivots and below, depending on one’s target.

Equifax Inc (EFX), 5-Minute Chart


Extra Innings and Opportunities for Thursday, June 12, 2008:

Foundation Coal Holdings Inc (FCL), 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.