Thursday we had two Stocks to Watch and two Around the Horn subscription service trades on our radar. Of these, one was a winner one, was a no-show and two were scratches.
Agrium Inc. (AGU) was a Fastball long setup from Wednesday night’s Stocks to Watch column. AGU did not pullback to the 40.50 level we would have liked, but did open and tradeed strongly to our entry level. AGU then traded between this price and a morning high of 41.67. Little did we know that this would be as good as it gets, and exit was mid-afternoon on the breakdown from recent highs on the failure to reach the R1 pivot level at 41.90.
Agrium Inc
Extra Innings and Opportunities for Friday, June 15, 2007:
Friday we’ll be watching the following:
Bank of New York
Health Net Inc.
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