Around the Horn: Stocks to Watch for June 13

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By Adrian Manz | Published 06/13/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for June 13

On Monday, Affiliated Computer Services (ACS) joined the broad southerly migration of the day and left a Fast Ball expansion of range to the downside on the daily chart. I will be interested to see what this one does on Tuesday particularly if it retraces and finds resistance around 47.08.

Speaking of affiliates, Affiliated Managers Group, Inc. (AMG) had a Fast Ball reversal at its 20-period simple moving average and is threatening to break recent support.

Affiliated Computer Services

Affiliated Managers Group, Inc.

St. Joe Co. (JOE) also closed the day at the lows of a Fast Ball move, and will be on the radar in our office in the morning.

St. Joe Co.

If the Consumer Sector ($CMR.X) moves lower, we will look for shorting opportunities in Polo Ralph Lauren Corp (RL). The stock left a Fast Ball on Mondayâ�,��"�s chart and will probably also be subject to further downside if the market does not find support.

Polo Ralph Lauren Corp

We will exercise caution once again on Tuesday, as the market is severely extended. Nevertheless, the apparent opportunities are on the short side.

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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