On Wednesday we will again watch Genentech (DNA). The stock made a Line Drive move on Monday with a solid follow-through day today. While the Tuesday move is in the spirit of a Fast Ball range expansion, many of the assumptions of the setup are not met, and the stock will therefore be a stocks-to-watch candidate rather than an Intraday Trading Plan setup.

Genentech (DNA)


Forest Oil Corp (FST) is trading at new highs. The stock left a Line Drive setup on Tuesday, but my primary focus in Wednesday’s trading will be the stocks reaction to intraday floor trading pivots.

Forest Oil (FST)


After a short Fast Ball Type II consolidation, Harman International Industries Inc (HAR) made a FastBall move lower on Tuesday. We will watch for entry opportunities on any trade below the Tuesday low in the Wednesday session.

Harman Intl Inds Inc (HAR)


P.S. If you enjoy my column and would like to join our Intraday Trading Plan, try it for one week for $5.  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.