Around The Horn: Stocks To Watch For October 20

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By Adrian Manz | Published 10/20/2008 | Stocks | Unrated

Around The Horn: Stocks To Watch For October 20

The pickings are slim for Monday, but Jackson Hewitt Tax Services (JTX) is a stock worth keeping an eye on for a Backdoor Slider move to the upside. Our potential entry will be on a breakout of the Thursday high, with a stop at a breakdown of late Friday support/resistance and an initial target around the 20-period daily simple moving average.

Jackson Hewitt Tax Services

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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.

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.