Around the Horn: Extra Innings for May 18 |
By Julie Peterson-Manz |
Published
05/18/2007
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Stocks
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Unrated
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Around the Horn: Extra Innings for May 18
On Thursday, May 17, 2007, we had threeStocks to Watch, one Extra Inning and fiveAround the Horn subscription trades on our radar. Of these, four hit for profits and five were no-shows.
Accenture (ACN) was a Sinker reversal short setup for Thursday’s Around the Horn subscription trades. ACN hit our entry level late morning. ACN traded slowly down for the rest of the day, with exit end of day.
Accenture
Dick’s Sporting Goods (DKS) was a Sinker short setup from Wednesday night’s Stocks to Watch column. DKS opened and traded through our entry level, through R1 and hit resistance at the R2 pivot level. Exit was on the drop at this resistance and cross of the 8 period simple moving average.
Dick’s Sporting Goods
Taubman Centers (TCO) was a Fastball short setup from Wednesday night’s Stocks to Watch column. TCO opened and traded through our entry level and down through both S1 and S2. Exit was on the pop back up through S2 on the reversal of two closes.
Taubman Centers
Stryker Corp (SYK) was a Fastball long setup for Thursday’s Around the Horn subscription trades. SYK scratched out the first entry with a breakeven stop, but second time was a charm. Exit was at the profit target.
Stryker Corp
Extra Innings and Opportunities for Friday, May 18, 2007
National Fuel Gas (NFG) was a Backdoor Slider short for Monday’s Stocks to Watch list for today. It hasn’t triggered and we’ll be watching it again on Friday.
National Fuel Gas
Omnicare (OCR) was a Fastball long from the Around the Horn list for Thursday. It didn’t trigger and we’ll be watching it again on Friday.
Omnicare, Inc
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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.com.
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