Around the Horn: Stocks to Watch for June 5

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By Adrian Manz | Published 06/5/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for June 5

On Monday, I will be watching Ace Limited (ACE) for a possible continuation move and retest of recent lows. The Insurance Index (IUX.X) should provide an early clue as to whether the stock will follow through and move lower.

Early efforts to push Allergan Inc (AGN) higher on Friday left the stock reversing at the 50-period simple moving average and in an Infield Fly setup. I will look to short the stock on weakness below the Friday session low.

Ace Limited

Allergan Inc.

FMC Technologies Inc (FTI) will also be on my radar during the Monday session. The stock left an Infield Fly on a sell-side dominated tape on Friday.

FMC Technologies Inc.

On the long side, Biotech (BTK.X) company Hospira Inc. (HSP) left a loosely structured Backdoor Slider on the daily chart during Thursday and Fridayâ�,��"�s trading. I will look for index confirmation of intraday strength prior to initiating a position.

Hospira 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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