Around the Horn: Stocks to Watch for April 6

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By Adrian Manz | Published 04/6/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for April 6

Fedex (FDX) and Torchmark (TMK) managed to deliver on Wednesday. Outback Steakhouse provided a substantial opportunity, but traders had to be comfortable trading a gap in the direction of the gap (we used to call these gap & go).

For Thursday, Dow Jones & Co. (DJ) looks ready to extend its Fast Ball expansion of range and volume. I anticipate a move right off the open, but I will watch troughout the day for signs of a break lower.

Dow Jones & Co.

Wednesdayâ�,��"�s petroleum status report added fuel to Frontier Oilâ�,��"�s (FTO) rise, as the stock had a Fast Ball move higher out of a six-bar consolidation. The stock is worth keeping on the Thursday radar as well.

Frontier Oil Corp

In insurance (IUX.X) XL Capital (XL) appears ready to break lower. Wednesdayâ�,��"�s Fast Ball move failed to close in the bottom of the range, but the stock still looks poised for more downside.

XL Capital

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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