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Around the Horn: Stocks to Watch for April 12
By Adrian Manz | Published  04/12/2006 | Stocks | Unrated
Around the Horn: Stocks to Watch for April 12


Tuesdayââ,¬â"¢s Around The Horn: Stocks To Watch did not yield much by way of excitement, although Michaelââ,¬â"¢s Stores (MIK) did manage to hand over a fractional gain on the day.

On Wednesday, Alcon Inc. (ACL) will be on my screen, as the stock had an Infield Fly day, with a reversal right at the 50 period simple moving average and a clear profit target at the 20 period simple moving average.
 

Alcon Inc.

CNF Inc. (CNF) put in a Fast Ball range expansion on Monday, and appears to have enough downside potential to make for a quick profit intraday.

CNF Inc.

DTE Energy (DTE) will also be on our watch list for a move lower on Wednesday.

DTE Energy

Frontier Oil (FTO) will also be a short sale candidate for us on Wednesday.   The stock broke through the 50 period simple moving average in a Fast Ball expansion of range and volume.

Frontier Oil

L-3 Communications Holdings (LLL) participated in the market haircut on Tuesday, and mad a Fast Ball move to the downside that offers continuation possibilities for Wednesday.

L-3 Communications Holdings

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.