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Around the Horn: Stocks to Watch for March 13
By Adrian Manz | Published  03/13/2006 | Stocks | Unrated
Around the Horn: Stocks to Watch for March 13

On Friday, Bunge Limited (BG) handed over three short side trips to the profit target in spite of a market rally, demonstrating again the importance of having a solid plan. Other than BG, there were no triggers on the day.

On Monday, I will be watching Computer Sciences Corp. (CSC) which left a Fast Ball expansion of range with slightly above average volume on the day. The stock took out recent resistance, and seems to have limited upside resistance if the market remains strong.

Computer Sciences Corp.

Nucor Corp. (NUE) also looks like an interesting long for Mondayââ,¬â"¢s session. The stock left a Line Drive at all time highs with volume confirmation on Fridayââ,¬â"¢s chart. We will approach the stock with caution on Monday, as new highs have encountered significant difficulty in following through recently. Nevertheless, if the market bounce is sustained, Nucor could extend its move.

Nucor Corp.

Vornado Realty Trust (VNO) also had a Fast Ball expansion day on Friday. The stock looks poised to move higher, but once again caution will be the operative word on Monday as sellers have been eager to take money out of breakouts for the past several years.  Any sign of market weakness will be my cue to tighten stops and look for the doors on this one.

Vornado Realty Trust

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.