Around the Horn: Stocks to Watch for September 27

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By Adrian Manz | Published 09/27/2007 | Stocks | Unrated

Around the Horn: Stocks to Watch for September 27

Direct cosmetics seller AVON Products (AVP) Inc plans to cut jobs by 2011, take about $20 million in restructuring charges, and come out of it with a healthy glow. Wall Street seemed to embrace the idea, as AVP pushed 2.5% higher over the course of the session, leaving a Fast Ball setup with a potential long entry around 36.10 for Thursday.

AVON Products

Albemarle Corp (ALB) announced a plan to increase ibuprofen prices and the stock had a Fast Ball surge, leaving the stock in a potential Sinker setup for Thursday. We will watch for a retracement move lower to start after an attempted breakout move which reverses lower and takes out the closing price.

Albemarle Corp

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Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is co-founder of TraderInsight.com. Email him at adrian@traderinsight.com.

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