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Around The Horn: Stocks To Watch For October 16
By Adrian Manz | Published  10/16/2008 | Stocks | Unrated
Around The Horn: Stocks To Watch For October 16

The Wednesday selloff has not left many opportunities for Thursday, as the accelerated move into the close has stop levels higher than acceptable for solid risk/reward ratios. There are some Fast Ball setups for the session, and we will approach each with caution only after establishing an acceptable stop loss.

Diamond Offshore (DO) is a Fast Ball setup with downside potential below 67.12.

Diamond Offshore (DO)


Eastman (EMN) also shows promise as a Fast Ball short. 41.12 will be the potential trigger price if a suitable stop can be established by examining 5-minute and 25-tick data.

Eastman Chemical (EMN)


Finally, L-3 Holdings (LLL) is also a Fast Ball setup in need of intraday price resistance to establish an acceptable stop.

L-3 Communications Holdings (LLL)



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.