On Thursday, November 20, 2008, we had two Around the Horn premium trades and three Stocks to Watch trades on our radar. Of these, two had solid profit opportunities.

Con-Way Inc (CNW) was a Fast Ball short for Thursday’s trading. CNW hit our entry level off of the open and then hit the initial profit target moments later. Exit was at or below this level on the reversal back to the profit target.

Con-Way Inc (CNW), 5-Minute Chart


Quest Diagnostics Inc (DGX) was a Fast Ball short for Thursday’s trading. DGX hit our entry level off of the open and then hit the initial profit target moments later. A second entry opportunity presented itself later after DGX had pulled back to and up past the entry level, triggering an entry on the way back down. Exit was at the profit target.

Quest Diagnostics Inc (DGX), 5-Minute Chart


Extra Innings and Opportunities for Friday, November 21, 2008:

Con-Way Inc (CNW), 30-Minute Chart


P.S. If you enjoy my column and would like to join our Intraday Trading Plan, try it for one week for $5.  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.