On Thursday, March 15, we had four Stocks to Watch and three Around the Horn subscription trades on our radar. Of these, four hit for profits, two were no-shows, and one was a scratch.

Belden CDT (BDC) was a long Switch Hitter for Thursday’s Around the Horn subscription setups. BDC hit our entry price off the open and traded to a high of 52.86, within 10 cents of our initial profit target. Having met this criteria, we move the profit stop to the 50% to Target level and close our trade at that level. There was a second opportunity in BDC, which eventually resulted in a scratch end of day.

Belden CDT


Boeing Co (BA) was a Switch Hitter long from Wednesday night’s Stocks to Watch column. BA hit in the morning and just as quickly stopped us out for a small loss/scratch. We watched these highs for the rest of the day, looking for a break to the upside. The break came late in the day and was good for some spending money above the R1 pivot.

Boeing Co


KB Home (KBH) was a Switch Hitter long from Wednesday night’s Stocks to Watch column. KBH had several opportunities today, but none for us. This was a wild ride and price action kept us on the sidelines today, but other traders may have caught this one.

KB Home


Quanex Corp (NX) was a Switch Hitter long from Wednesday night’s Stocks to Watch column. NX opened down and traded up through the entry level and up through R1 before hitting a high. Exit was on the cross of R1 and the 8-period simple moving average.

Quanex Corp


Extra Innings for Tuesday, March 13, 2007:

BC


MTN


LEN


P.S. Join me and a dozen professional traders in the TraderInsight.com War Room. Click here for your free membership.

Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at Julie@peterson-manz-trading.net.