Tuesday, June 17, we had three Stocks to Watch and four Around the Horn subscription trades on our radar. Of these three were profitable one was a scratch and the rest were no-shows.

Ingersoll Rand Co (IR) was a Switch Hitter short for Tuesday’s Around the Horn subscription trade list. IR hit our entry during the morning, hesitated then traded below the S1 green pivot before being drawn to this area. Midday IR touched our 50% to target level and we moved our stop to breakeven level. Exit was end of day at the 50% level as the trade stalled out.

Ingersoll Rand Company (IR), 5-Minute Chart


Investment Technology Grp (ITG) was a Switch Hitter short for Tuesday’s Stocks to Watch trade list. ITG opened and briefly traded higher but there were profit opportunities all day on entries below the pivots.

Investment Technology Grp, 5-Minute Chart


Pepsi Bottling Grp (PBG) was a Fast Ball short for Tuesday’s Stocks to Watch trade list. ITG opened higher and traded down to our entry area. PBG stalled in this area before trading down to the S1 pivot, with an exit at this level.

Pepsi Bottling Grp (PBG), 5-Minute Chart


Extra Innings and Opportunities for Wednesday, June 18, 2008:

Ball Corp (BLL), 30-Minute Chart


Ingersoll Rand Co (IR), 30-Minute Chart


Sherwin Williams Co (SHW), 30-Minute Chart


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