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Around the Horn: Stocks to Watch for March 10
http://www.tigersharktrading.com/articles/11505/1/Around-the-Horn-Stocks-to-Watch-for-March-10/Page1.html
By Adrian Manz
Published on 03/10/2008
 

Dr. Adrian Manz shares four stocks that he'll be watching for March 10 trading.


Around the Horn: Stocks to Watch for March 10

On Monday, we will watch Air Products and Chemicals Inc. (APD) for a continuation move below 87.25 and a potential short side and entry on the heels of Friday's gap-and-go Fast Ball breakdown.

Cardinal Healthcare Inc. (CAH) will also be on our sell side radar. A move below 55.26 indicate a violation of the low of Friday's Backdoor Slider setup, it will serve as my potential trigger price.

Air Products and Chemicals Inc.


Cardinal Healthcare Inc.


Cooper Cos. Inc. (COO) reported earnings in line with consensus estimates on Thursday and was gapped up Friday morning only to retrace and close lower on nearly 5 times average daily volume. The stock left a Fast Ball expansion of range and volume and will be a short candidate below 32.74 in Monday's trading.

Cooper Cos. Inc.


Finally, Terra Industries Inc. (TRA) is a high-level Fast Ball set up following a Switch Hitter pullback. I will look for price action to move the stock below 40.59 as indication that a potential short sale opportunity exists.

Terra Industries Inc.


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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.