Around the Horn: Extra Innings for June 8 |
By Julie Peterson-Manz |
Published
06/8/2007
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Stocks
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Unrated
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Around the Horn: Extra Innings for June 8
On Thursday, June 7, 2007, we had twoStocks to Watch, one Extra Inning and threeAround the Horn subscription trades on our radar. Of these, four hit for profits and two were no-shows.
UST Inc (UST) was a Fastball short for Thursday’s Around the Horn subscription setups. UST hit the entry level during the first hour of trading. It was a slow ride down the rest of the day, with exit end of day at the initial profit target.
UST Inc
Genentech Inc (DNA) was a Fastball short from Wednesday night’s Stocks to Watch column. DNA hit the entry level shortly after the open. Exit was mid-day on the cross back over the 8 period simple moving average.
Genentech Inc
Eaton Corp (ETN) was a Fastball short from Wednesday night’s Stocks to Watch column. ETN hit the entry level off the open and after bobbling around this price initially, ETN traded down through mid-afternoon. Exit was either on the cross of the 8 period simple moving average on the rounding up of the new bottoms approaching the last hour, or using previous resistance, end of day.
Eaton Corp
Loews Corp (LTR) was a short from Wednesday night’s Extra Innings column. LTR hit the entry level and consolidated at this level mid-morning. By trailing stops throughout the day based on previous resistance levels, exit was toward end of day.
Loews Corp
There are no Extra Innings for Friday, June 8, 2007
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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.com.
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