Monday, we had three Stocks to Watch, two Extra Innings and three Around the Horn subscription service trades on our radar. Of these, one was a winner, two were scratches to the upside and five were no-shows.
Diamond Offshore Drilling (DO) was a long setup from Friday night’s Extra Innings column. DO offered at least two good opportunities for profit. The first was off the open, with exit on the cross of the R1 pivot line and 8-period simple moving average. Second entry was on a cross back above this level, and exit on the fall back through the R2 level.
Diamond Offshore Drilling
Extra Innings and Opportunities for Tuesday, May 22, 2007:
Tuesday we will be watching the following:
Bunge Ltd
Fair Isaac
MeadWestvaco Corp
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