Tuesday we had three Stocks to Watch, two Extra Innings and two Around the Horn subscription service trades on our radar. Of these, four were winners, one was a scratch to the upside and two were no-shows.
R.H. Donnelley (RHD) was a Fastball short setup from Sunday night’s Stocks to Watch column. RHD hit our entry price off the open and traded down quickly to our initial profit target. Exit was at this level, just above the S1 level at 78.02.
R.H. Donnelley
Dick’s Sporting Goods (DKS) was a short setup from Monday night’s Extra Innings column. DKS hit our entry price mid-day and traded down and through the S2 pivot level and kept going. Exit was end of day.
Dick’s Sporting Goods
Taubman Centers (TCO) was a Fastball short setup from Monday night’s Stocks to Watch column. TCO bobbled around our entry price through mid-day before taking off to the downside. Exit was close to end of day on a pull back that crossed the 8-period moving average and S2 pivot levels
Taubman Centers
Caterpillar Inc. (CAT) was a Sinker short setup from Monday night’s Stocks to Watch column. CAT triggered our Sinker short by crossing yesterday’s high. CAT later hit our entry price before trading the downside mid-day. Exit was end of day at or below the central pivot level.
Caterpillar Inc.
Extra Innings and Opportunities for Wednesday, May 16, 2007:
Wednesday we will be watching the following:
National Fuel Gas
Bunge Ltd
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