Around The Horn: Stocks To Watch For January 26

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By Adrian Manz | Published 01/26/2009 | Stocks | Unrated

Around The Horn: Stocks To Watch For January 26

On Monday, we will watch for a Fast Ball continuation move in Conagra Foods Inc (CAG). The stock made a solid move on Friday and looks ready for a retest of the 18.20 resistance area established in October 2008.

Conagra Foods Inc

Another processed foods Fast Ball candidate is Green Mountain Coffee Roasters (GMCR). We will watch GMCR for signs of a continuation move higher, especially if Conagra Foods moves above 17.85.

Green Mountain Coffee Roasters

Another Fast Ball setup on the Monday radar is Schering Plough Corp (SGP). 19.61 will serve as the potential entry trigger on strength in the sector and a solid stop level based on 5-minute intraday support and resistance.

Schering Plough Corp

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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.

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