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Around the Horn: Stocks to Watch for May 24
By Adrian Manz | Published  05/24/2006 | Stocks | Unrated
Around the Horn: Stocks to Watch for May 24

On Tuesday, Affiliated Computer Services (ACS) and Williams Sonoma (WSM), both from last nightââ,¬â"¢s Around the Horn: Stocks to Watch handed over numerous profit opportunities throughout the day. Autozone, Inc. (AZO) also provided numerous short side entries and will be on our short sale list right out of the gate on Wednesday.

Burlington Northern Santa Fe Corp (BNI) looks interesting, as the stock has left a low level Switch Hitter pullback on the daily chart. We will keep a close eye on the stock and the Dow Jones Transports ($DJT) for indication of a move lower.

Autozone Inc.

Burlington Northern Santa Fe Corp

Fortune Brands (FO), a trading plan Switch Hitter left a Fast Ball on the daily charts on Tuesday.   I will look to establish a short position on early session weakness on Wednesday.

Fortune Brands

L-3 Communications Holdings, Inc (LLL) made a Fast Ball move lower out of a symmetrical triangle on Tuesday. The stock has significant potential downside to price support, but also often provides substantial intraday volatility. If a short sale opportunity presents itself, we will take lighter shares (scaled back about 50%) to account for the greater swings the stock exhibits.

L-3 Communications Holdings, 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.