Around the Horn: Extra Innings for May 30 |
By Julie Peterson-Manz |
Published
05/30/2007
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Stocks
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Unrated
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Around the Horn: Extra Innings for May 30
On Tuesday, May 29, 2007, we had four Stocks to Watch, three Extra Innings and one Around the Horn subscription trade on our radar. Of these, one hit for profits, one for a loss and six were no-shows.
Reliant Energy (RRI) was a Switch Hitter long setup for Tuesday’s Around the Horn subscription trades. RRI hit our entry level mid-day, tagging our entry price before fading. As RRI did not go 10 cents or greater in our favor before hitting the 50% to stop loss level, exit was at this 50% to stop loss level.
Reliant Energy
Manpower Inc (MAN) was a Sinker short setup from Monday night’s Stocks to Watch column. MAN opened and consolidated in a breaking ball pattern. Entry was on a break below this level and MAN made a smooth ride down two-plus points. Exit was on a trade up from the afternoon consolidation and a break above this resistance.
Manpower Inc
Extra Innings and Opportunities for Wednesday, May 30, 2007
Hartford Financial Services Group
American Electric Power
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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.com.
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