Around the Horn: Stocks to Watch for July 31

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By Adrian Manz | Published 07/30/2006 | Stocks | Unrated

Around the Horn: Stocks to Watch for July 31

On Monday, we will watch Alberto-Culver Co (ACV) for a continuation of Fridayâ�,��"�s Fast Ball expansion, which saw the stock bounce off the 20-period simple moving average and back up through the 50-period simple moving average.

In the financials, Franklin Resources Inc (BEN) left a Line Drive with a strong close. We will look for sector strength to provide a clue as to the start of a continuation move.

Alberto-Culver Co

Franklin Resources Inc.

An Infield Fly in Constellation Energy Group Inc (CEG) has the stock perched for a pullback on Monday. The stock will be on the radar pending any energy weakness.

Constellation Energy Group Inc

Universal Health Services (UHS) also had a Line Drive / Fast Ball move on Friday, leaving the stock in position to attempt a rally to last Julyâ�,��"�s highs over the next few sessions. It will be interesting to see if further sector strength can bolster the stock as UHS tries to make its way through July 2005 overhead resistance.

Universal Health Svcs

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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