Around the Horn: Stocks to Watch for January 16

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By Adrian Manz | Published 01/16/2008 | Stocks | Unrated

Around the Horn: Stocks to Watch for January 16

Nike Inc (NKE) made a Fast Ball move lower on Tuesday, and appears ready to retest a significant support/resistance region. We will be interested in establishing a short position on trade below 56.90 on Wednesday.

Nike Inc (NKE)

Pioneer Natural Resources Co (PXD) also made a Fast Ball move and will be on the short-side radar on trade below 43.89.

Pioneer Natural Resources Co (PXD)

Finally, Smith Intl Inc (SII) is also a Fast Ball short, with a move below 64.43 indicating a possible entry opportunity.

Smith Intl Inc (SII)

P.S. If you enjoy my column and would like to join our Intraday Trading Plan, try it free for one week. Click here to start receiving our best trading setups for every trading day.

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.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.