Around The Horn: Stocks To Watch For July 16

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By Adrian Manz | Published 07/16/2008 | Stocks | Unrated

Around The Horn: Stocks To Watch For July 16

Canadian Natural Resources (CNQ) tops the Wednesday watch list. The stock made a Double Header / Switch Hitter reversal on Monday at moving average resistance and will be on my short list if the market fails to bounce.

Canadian Natural Resources (CNQ)

The same setup presented itself for Encana Corp (ECA)

Encana Corp (ECA)

Finally, Hess Corp (HES) is a Fast Ball short side setup. The stock sold off on heavy volume into the close, so we will watch the tape around the open for indications of continued pressure.

Hess Corp (HES)

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.

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