Around the Horn: Stocks to Watch for March 27

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By Adrian Manz | Published 03/27/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for March 27

On Monday, I will be watching Cabot Corp (CBT) for an extension of Fridayâ�,��"�s Fast Ball range expansion. The specialty chemical company has low relative strength and poor fundamentals, adding fuel to the potential for an additional downside move.

Cabot Corp

DTE Energy (DTE) also looks like a quick move lower to a retest of February lows is probable early this week.

DTE Energy

A Switch Hitter pullbacklong entry in Principal Financial Group, Inc. (PFG) will be on our radar on Monday, as the stock had a strong close Friday after a pullback move to approximately the 20 period simple moving average.

Principal Financial Group

After several very tradeable moves to the upside, Wendyâ�,��"�s International (WEN) left a large range outside Fast Ball on very heavy volume and a large opening move on Friday. The 20 period simple moving average at 61.97 seems to be a logical next stop if weakness carries into Mondayâ�,��"�s trading.

Wendyâ�,��"�s Intl. Inc.

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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