Allergan Inc (AGN) left a wide range Infield Fly setup on Monday, and will be on our list of potential short-side setups on Tuesday. We will look for a break below 66.30 as indication that the stock may be breaking down.

Allergan Inc


Jack in the Box Inc (JBX) left a Fast Ball setup and has little overhead resistance. If a solid stop loss region presents itself early in the session, we will be interested in a long side entry on trade around 69.70

Jack in the Box Inc


Leucadia National Corp (LUK) made a low-volume Infield Fly move that will have us interested in a short sale below 50.55.

Leucadia National Corp


Bearing in mind that the stock is subject to some pretty wide range intraday bars, Overseas Shipholding Group (OSG) will be on the radar for a Fast Ball meltdown on Tuesday. The stock sold off on heavy volume Monday, coseed the 20- and 50-period simple moving averages and appears to have substantial room for profits. Given the stocks inherent volatility, we will reduce share size if a trigger presents itself.

Overseas Shipholding Group


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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.