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Around the Horn: Stocks to Watch for July 20
By Adrian Manz | Published  07/20/2006 | Stocks | Unrated
Around the Horn: Stocks to Watch for July 20

On Thursday we will be watching the â,"good Hands Peopleâ, at Allstate Corp (ALL). The stock made a Line Drive move on Wednesday and looks like an interesting trade on Insurance Sector (IUX.X) strength.

Another Line Drive, this time in Bank of New York Co Inc. (BK), also looks promising with overhead resistance appearing at about 34.75


Allstate Corp

Bank of New York Co Inc

A Fast Ball in Chubb Corp (CB), also in the Insurance Sector (IUX.X) shows promise to around 51.14. We will watch for resistance at 50.85 which corresponds to R1.

Chubb Corp (CB)

Constellation Energy Group (CEG) and the Energy Index (DXE.X) will also be on our watch list throughout the Thursday session. Although the close was off the high of day, the Fast Ball setup still looks promising if the market can move higher.

Constellation Energy Group

In Defense (DFX.X), we will be watching Northrop Grumman Corp (NOC) for a possible Fast Ball extension to around 66.56, the first pivot resistance.

Northrop Grumman Corp

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.