On Tuesday, Cooper Cameron (CAM) left an interesting Switch Hitter at the 20-day simple moving average. We will look for short side follow through on Wednesday.

DRS Technologies Inc. (DRS) had a Fast Ball break lower after a multiday consolidation. The stock looks poised for some additional downside on Wednesday.

Cooper Cameron Corp.

DRS Technologies Inc.

Glaxosmithkline (GSK) also made a Fast Ball move lower and will be on the radar on Wednesday

Glaxosmithkline Plc Adr

Tuesdayââ,¬â"¢s Fast Ball low in Knight Ridder (KRI) has the stock ready to test 2005 support around 59.05 / share. We will watch for any weakness on the tape on Wednesday here as well.

Knight Ridder

Finally, Mc Clatchy Newspapers Inc (MNI) made another Fast Ball extension move on heavy volume on Tuesday, indicating more downside may be on the way. We will look for consolidation of the Tuesday closing range coupled with weakness on the bid to indicate further downside on Wednesday.

Mc Clatchy Newspapers 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.