Around the Horn: Stocks to Watch for February 28

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By Adrian Manz | Published 02/28/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for February 28

Mondayâ�,��"�s trading was range bound for most of the session. Early market dynamics provided a $1 Autoliv (ALV) move and a $2 continuation in Peabody Energy (BTU), both of which I focused on last night.

There is not much on the radar for Tuesday, probably due to the narrow trade through most of Mondayâ�,��"�s session. I will be watching Automatic Data Processing (ADP), which made a Fast Ball move through the 50 day simple moving average on Monday. The stockâ�,��"�s next significant overhead resistance is around 47.00 from December 2005 trading.

Automatic Data Processing (ADP)

Cooper Cameron (CAM) also seems to have potential for a move. A drop to retest 39.00 seems likely over the next few sessions.

Cooper Cameron (CAM)

Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is cofounder of TraderInsight.com. Email him at adrian@traderinsight.com.

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