Wednesday we had four Stocks to Watch, two Extra Innings and two Around the Horn subscription trades on our radar. Of these, three hit for profits, one for a loss and the rest were no-shows.

Genentech Inc (DNA) was a Switch Hitter long for Wednesday’s Around the Horn subscription service trade list. Entry was in the morning after an initial pullback. DNA made a sharp climb toward the profit target coming within 10 cents, before pulling back. When a stock reaches this level, we move the stop up to the 50% to target level, an thus took a profit stop at this level. Another option is to peel of some shares at this level, with a breakeven stop for the balance. In this case, exit for the balance would have been at the initial profit target on the pullback.

Genentech Inc


Estee Lauder Companies Inc (EL) was a Backdoor Slider short for Wednesday’s Around the Horn subscription service trade list. Entry was off the open, but was short lived, reversing and taking us to the stop loss level.

Estee Lauder Companies Inc


Coventry Health Care Inc (CVH) was a Fastball long for Wednesday’s Stocks to Watch list. Entry was in the morning, climbing nearly a point before signaling an exit mid-day on the cross of the 8 period simple moving average.

Coventry Health Care Inc


Pharmaceutical Resources Inc (PRX) was a Backdoor Slider short for Wednesday’s Stocks to Watch list. Entry was off the open, with a steady decline over the next hour or so before pulling back. Exit was on the pullback on the cross of the 8 period simple moving average.

Pharmaceutical Resources Inc


Extra Innings and Opportunities for Thursday, September 13, 2007:

Dillard’s Inc


Omnicare Inc


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