Around the Horn: Extra Innings for May 23 |
By Julie Peterson-Manz |
Published
05/23/2007
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Stocks
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Unrated
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Around the Horn: Extra Innings for May 23
On Tuesday, May 22, 2007, we had five Stocks to Watch, three Extra Innings and two Around the Horn subscription trades on our radar. Of these, six hit for profits, one was a scratch and three were no-shows.
Bunge Ltd (BG) was an Extra Inning setup from Monday night’s Extra Innings column. BG opened and within an hour had hit the entry level just above R1. BG went on to break through R2 before retracing. Exit was on the reversal of this sharp rise, on the break across the 8-period simple moving average or breakdown below R2.
Bunge Ltd
Fair Isaac (FIC) was an Extra Inning setup from Monday night’s Extra Innings column. FIC opened and hit the entry level just above R1. FIC traded up slowly for most of the day. Exit was end of day after tagging the R2 pivot level and crossing back across the 8 period simple moving average.
Fair Isaac
MeadWestvaco Corp (MWV) Extra Inning setup from Monday night’s Extra Innings column. MWV opened and consolidated through mid-afternoon. Entry was on the break up from this level, with exit end of day.
MeadWestvaco Corp
Anadarko Petroleum (APC) was an Infield Fly short setup from Monday night’s Stocks to Watch column. APC opened and consolidated around the Central Pivot for the morning. APC hit the entry level on a drop from this level, trading down through S1 before the bounce off of S2. There was a second opportunity for profits later in the day with exit end of day.
Anadarko Petroleum
First American Corporation (FAF) was a Fastball long setup from Monday night’s Stocks to Watch column. FAF hit the entry level mid-day and traded steadily toward R1, with exit end of day.
First American Corporation
Comp Siderwrgica Nacional (SID) was an Infield Fly short for Tuesday’s Around the Horn subscription setups. SID opened and hit the entry level shortly thereafter. After a morning of consolidating, the move down to S2 and the initial profit target was swift. SID had a second leg down in the afternoon, with exit end of day.
Comp Siderwrgica Nacional
Extra Innings and Opportunities for Wednesday, May 23, 2007
Wyeth
Chubb Corp
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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.com.
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