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Around the Horn: Stocks to Watch for March 10
By Adrian Manz | Published  03/10/2006 | Stocks | Unrated
Around the Horn: Stocks to Watch for March 10

Thursday, CVS Corp (CVS) and Equity Office Properties (EOP) made the moves I was looking for, and provided some supplementary income for my Intraday Trading Plan.   Both stocks showed some fire and then some fizzle, but success in this business is often about not being the last one without a chair when the music stops, so I will definitely take any success for what it is worth.

On Friday, AMBAC Financial Group Inc (ABK) will be on my radar.   The stock left an Infield Fly setup on the daily chart on Thursday and seems to be eyeing the 50 period simple moving average or Wednesdayââ,¬â"¢s close for a possible retracement.

AMBAC Financial Group Inc

A Fast Ball expansion of range and volume has left Bunge Limited (BG) vulnerable to a possible move lower to minor support around 50.50.   I will keep it on my intraday radar on Friday as well.

Bunge Limited

In energy, I will be watching Companhia Vale do Rio Doce (RIO) for a continuation move lower.   The stock left a Fast Ball outside day on Thursday on heavy volume and should have relatively little support if the Oil Index (XOI.X) retests recent lows.

Companhia Vale do Rio Doce

In drugs, Watson Pharmaceuticals (WPI) is retesting last summerââ,¬â"¢s lows leaving a Fast Ball distribution day on the daily chart.   I will look for trade below 29.40 to trigger my short sale setup.

Watson Pharmaceuticals

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.