Thursday we had one Stocks to Watch, one Extra Inning and two Around the Horn subscription service trades on our radar. Of these, one hit for profits, one was a loss and two were no-shows.

Cooper Companies Inc. (COO) was a Double Header long for Thursday's Around the Horn subscription service. COO hit our entry off the open and consolidated at this level for the first hour before a slow and steady climb to our initial profit target and beyond. The trailing stop exit was on the reversal of two closes from highs on the cross of the 8-period simple moving average.

Cooper Companies Inc.


ITT Corporation (ITT) was a Double Header long setup for Thursday’s Around the Horn subscription service. ITT hit our entry off of the opening bar and climbed rapidly to the 50% to target level, barely kissing this area before sinking back down. As we move the stop to breakeven after a move half-way to the target, we scratched out of the first entry. Second entry was shortly after the exit, but was mostly underwater until ITT hit the stop loss level later in the day. Exit was at this stop loss level.

ITT Corporation


Extra Innings and Opportunities for Friday, August 3, 2007:

Nordstrom Inc, 60-Min chart


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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.com.